It is often the institutions that own the stock that are hedging their bets by either shorting the stock or using options when they think the environment is negative for the industry. That is why you often see wide swings in prices. When these guys cover their short positions and buy you can see a big spike in price. But for now it is in their interest to see the stock drift as low as possible to shake out the weak investors. They know PWE has valuable resources that will be easy to run back up when pricing goes back up for Canadian companies and oil goes over $100 which could happen this year or in 2014. That is why you see Whitebear on the board every day he knows this is a great investment. I seldom see an opportunity where I would say for certain within 3 years the stock price would be at least double where it is now.
Sentiment: Strong Buy
Oh, Spindopey, c'mon now. Is THAT why I'm here? You are right, I know it's a great investment, as a short play. But then, why are YOU here every day? Because you're not so sure and you're trying to convince yourself and others? Seems so, with all these posts about how every little thing in the world is going to cause the price to run up any day now. As for your "certainty" about it doubling in 3 years: gosh, you were saying it was "cheap" when it was $11. I hope nobody listened to your "certainty" then. Just keep mumbling to yourself, eventually you will be right. Like when it gets to $4-5. Then it'll be cheap, a la PGH.
Bubble bubble toil and trouble. Technically you're right. But as usual, your conclusion is not supported by the facts no applicable to PWE, in this case, the trading volume does not agree with you. Unless of course "they" have managed to drive the price down 10% recently on normal volume. Nice trick, but it only works in alternative universes like yours.