Unfortunately EQU should never have been this low. Does anyone know if Wellington kept their 5 million shares they bought at the time of the reverse split in 2010. Also notice none of the charts show the reverse spli-unless I missed it. Might be because of the name change Enterra to EQU. The 5 million might not be right but it was in that neighborhood. Reverse Split link http://www.equalenergy.ca/en/financials/2009-YE-InfoCirc.pdf
This did act a little tired today starting around 14:08 pm when there was a 12,500 share bid at $3.80 and somebody sold a block into it.
The positive I saw, however, were some obvious buy-writes put on using the Sept. and Oct. $5 calls. It's a nice percentage return to $5 for a buy at ~$3.80 and pick up 20-35 cents of premium in addition.