43K shares traded by 11:15am EST? Now $1.37. This has to be more than the IBD. Wonder when the public finds out about the buyout? Shouldn't be more than another week unless negotiations aren't finalized yet.
I think your right Argy it appears this trading is coming in Waves. It could be plenty of little things or it could be a BFD around the corner. You know I don't want a rumor but that idea was floated at the earnings call in. Heard nothing since but deals do take time. I bought some more this AM but not going to chase it.
I have watched FPP for YEARS. The last time it had this kind of continuous heavy volume was in late 2011/early 2012 after the stock plummeted to $1.75 then rose to $6.00 in 5 months. The time before that was the oil superpike in 2008 when oil reached $150/bbl and FPP went parabolic...although today's volume pales in comparison to back then. Judging from the warrants, however, this is a BFD (as you call it). Something very big is going on, this is much more than a single well and I can't believe even a good earnings would generate this kind of sustained interest.
Stevens made a proposal back in November and this more likely than not is related to some kind of merger/acquisition or even privatization by a PE firm. My guess judging by recent trading activity is the buyout offer will be in excess of $7, I'm hoping for $8 or higher. I would be surprised if this trading is caused by anything other than some type of M&A deal.
By the way, my AAPL $550 calls went up 750% just this morning! Not bad since I bought them only 3 days ago. Sold them.