Dubh, I have been somewhat bewildered at the low sp prior to the last few weeks. I know other oil companies that are either producing a fraction of what PTR are, or are not even producing at all, and yet their sps are up around 1.7/1.8p.
fiah, I have been of the belief for about two months now that someone is building a stake. I would rather if it was a bunch of unrelated PIs but there have been literally scores of exactly100,000 share purchases. It's just too coincidental to be anything oither than stake-building. I've nothing against some II taking a position, btw, so it's all good.
I felt the price should never have dropped below 3 p even in the prevailing market. But there was obviously no appetite to support it among investors when the whole sector was tanking. The company looks as good now (to me anyway) as it did a month ago and I can't see much that has changed apart from the rise in oil prices. Of course I'm very welcoming of the rise.
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