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Bullboard - Stock Discussion Forum Petrotal Corp T.TAL

Alternate Symbol(s):  PTALF

Energy Oil & Gas E&P
PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana Norte oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing... see more

TSX:TAL - Post Discussion

Petrotal Corp > consolidation today
View:
Post by smallcaptdr on Jun 02, 2022 11:42am

consolidation today

After the runup its normal and required to have a pullback, what consolidation does is to shake the tree and get rid of the weak holders and transfers the shares to investors who will carry them farther. It also creates a perfect time for investors to get in. Not bad for a stock that has 900Mil shares 
JMHO
(always DD)
Comment by FastFF on Jun 03, 2022 1:55pm
Indeed, its a good thing not to keep spiking. Even better, when they consolidate like this it gets people (like me) who hate chasing stocks, more comfortable to buy and accumulate more.
Petrotal Corp