Double the daily volume and a 7% decline by the end of the day. Known events on the positive side, management has made no attempt at reducing their compensation, will the selling by the CEO continue? IMO this decline is well orchestrated. Fine example of manipulation. IT'S NORMAL, no sweat.!
Maybe? Go to PRnewswire and select news releases nd place Fracking in the search box.
Civil Society Institute. Org has more too. Big push against Fracking out today.
NEARLY 70 GROUPS: ENVIRONMENTAL DEFENSE FUND DOES NOT SPEAK FOR US ON FRACKING
"Greenwashing" Called Out: No Confusion Should Arise About Views of Local Communities As a Result of Shale Gas Industry's Coopting of EDF
WASHINGTON, D.C.///May 22, 2013///A total of 68 leading grassroots organizations focused on citizen and environmental issues today released a joint letter to the Environmental Defense Fund (EDF) disapproving of the group's willingness to be coopted by industry interests on the issue of hydraulic fracturing (or "fracking") for shale gas.
(some left out - links not allowed...)
the letter addressed to EDF President Fred Krupp states: "Those of us concerned with charting a rational and sustainable energy policy for the United States were disheartened to see the Environmental Defense Fund lend its name and support to an entity called the Center for Sustainable Shale Development (CSSD). The very use of the word sustainable in the name is misleading, because there is nothing sustainable about shale oil or shale gas. These are fossil fuels, and their extraction and consumption will inevitably degrade our environment and contribute to climate change. Hydraulic fracturing, the method used to extract them, will permanently remove huge quantities of water from the hydrological cycle, pollute the air, contaminate drinking water, and release high levels of methane into the atmosphere. It should be eminently clear to everyone that an economy based on fossil fuels is unsustainable
The industry bent us all over when they refused to behave as civilized citizens and accept liability for their mistakes and refused to list the contents of fracking fluids so potable water contamination could be clearly identified..
That's saying, we don't care if we #$%$ and your drinking water while we profit!
With them being irresponsible and less than forthright, no credible environmental group can get near to endorsing this less polluting fuel with getting the stink on them.
In the long run..that's going to hurt NG way more than it can help in the short run.
Look, here in the west, folks get killed over drinking water and companies will too.
There could be some company news not yet public. As there will be some money tightening in the future, there could be more dilutions coming, hence the fake rise in volume and price in the past few days. Shorts could be well informed. Manipulation continues .... , makes trading more volatile.