getting their ducks in order before some good news
What highly likely happened was the brokerage firm that underwrote the secondary knew it was in the works and shorted the stock all the way down knowing they were going to issue the secondary at 1.22. Same #$%$ happened with SGYP and the SEC finally went after them for insider trading and threw the culprits in prison. SEC needs to investigate that here as well!
Time for one to pounce!
short run oil getting ready to drop below 38.00 with weak demand from china and suppliers in middle east continuing to keep spigots open full as they need hard currency. PXD's cash is running low and in need of a secondary soon.
PXD back below 110.00
bank credit is dried up and so has bond market for fracking and with 2.8 billion in debt........well look out below!
selling more to lose more, great model! lol
they are growing leaps and bounds in TLED market replacement
time to load up for move back to 140
looking like we will see a multi day reversal up
looks to me he bought RTK stock in RNF to make sure deal goes through since they owned controlling interest in RNF. He must really like combining his companies spinoff of UAN and RNF together.