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Penn West Petroleum Ltd. Message Board

  • aldentefranchesco aldentefranchesco Apr 11, 2013 2:16 PM Flag

    New way of trading!?

    I checked out a number of stocks and it seems to me that there is a new way of trading that is taking over the floor on wall street. No company, big or small, is immune to it. Intel, for example, was up 60 cents yesterday and is down a similar amount today. No major news whatsoever. This is accompanied by large trading volume. It seems to me that we are entering into a high volatility market in the coming months. Nothing will make sense if people just focusing on trading. You can almost cut the tension with a knife!!!

    I am a big advocate of bringing in all the good and bad news to the market at this time. Let the market sort itself out but you gotta provide all the data for that to happen orderly. Otherwise, Penn West and all the other Canadian O&G companies will be caught in a whirlpool of market action that starts and ends with no final target on the trading floor. Dividend, earning projection and restructuring outcomes are the kind of data investors need to make up their mind. It adds credibility to the company and helps the market put a target that everyone agree on. Just saying....

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1.77-0.01(-0.56%)Oct 21 4:02 PMEDT