Looking at the three-month price chart, there appears to be some support at $10.50. After that, there is strong support at $10.00. If the price breaks $11.00, I would expect one of the above supports to hold. However, with cold weather nearly here, the price might not break the $11.00 mark. I suspect that some of this selling is U.S. holders anxious about the foreign ownership statement, as well as profit taking because of the strong runup in price.
Typical selloff on no change in fundamentals weak hands shares end up in the hands of the bashers who got out and want your shares cheap. ERF is up.. NCN in comparsion is as strong IOM. ......................5er