Are the under-loved Canadian Oil Stocks getting a belated Valentine?
I sure would like to know what is driving this. Adveraging down or catching a falling knife sometimes works. I think there is more to come. Just got to avoid being a pig.
Dividend today would not be the reason. Bets me!
Saw article on Seeking Alpha about PBKEF starting in inject nat gas in their wells. SA says first well test was a success and could double oil production. This may be in part reason for price movement?
What just happened?? Haven't seen the stock pop like this for a while. Most other CDN oil up modest 1% or so, nothing like this.
Actually quite a few of the beaten down Canadian E&Ps have had a bit of a tear in the last week, so it's not just PBN. ERF, PGH,, PWE, BNP all been spiking after long downtrends.
stock was way oversold
I did remember seeing several upgrades...about time! I'm in a deep Hole