This trading sure does smell funny.
you mean funny in a "rising 25% and people taking profit" sort of way?
What I heard is that some bozo (RBC Capital, or something like that) downgraded ERF from buy to hold.
Good opportunity to load some more cheap shares.
Thanks. Looks like the analyst also lowered his/her price target to $16.38 from $16.83. I didn't see any commentary from RBC as to why they downgraded.