Sometimes level 2 can help but the mm,s hid those large buys today by publishing them late,i think looking at those bigger ones that an II has grabbed another 30m shares here today under 5p.Next holdings rns will show who got them but could be one of recent placees.
ii sells.. price dropped.. pi's buying cheaper and now sp rising again.
One of the few occasions pi's get to win if they can hold their nerve.. ii's can afford to get impatient and move swiftly to other shares. (Selling in winter just a silly.silly move,should have done that before Xmas...don't they get the plot of winter follows Autumn,things get cold,freeze up,cause harder working conditions)
Now we buy,wait for fixes and improving weather and production then cash in.simplez :)
Those large trades look like II buys to me actually and the mm,s spooked pi,s earlier to grab the shares imvho,to put things in context ptr were over 60p not that long ago and were producing very little,now at under 6p they are producing near 1m barrels a year and growing and paying down debt too.You do not need to be einstein to work out that some smart money is moving in here at a bargain SP.
A point of note,take a look at MTA then look at what they produce (100 bopd ) then look at their market cap,and then look at what PTR produce and their market cap and their huge p2 reserves currently valued at just 60 cents per barrel.Then pinch yourself - yes it is that cheap and the wider market will pick up on it at some point.
I was just working out the figs,when they put the Lin wells back online and the two arb wells and the new 112 well that would add up to ptr,s highest ever total production level.May explain why this is being so heavily bought today with such progress being made (aside from temp wells offline).
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