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Just as we'd broken out there was a slight pullback in crude following the positive OPEC update over the weekend. With weak hands knocked out crude is recovering already. Expect this rise here to resume shortly.

Don't forget to BTFD or you won't get any.

Some Latin American spice to sweeten takeover offers after Perv#1 hits the jackpot.

Maybe the Fed's started buying BOIL shares. ;)

It's just down to a pullback in crude prices to shake out weak hands after the OPEC announcement over the weekend. Same with several oilers that had finally started to move at the end of last week. Expect the crude rally to resume in short order as the Fed needs to prop it up to support the banking sector with its oil hedge liabilities and huge loans to oil companies. Don't forget to BTFD as MATD will be impossible to buy once again as soon as it turns. GLA

Reckon BPC will have been bought out well before that. ;)

What bigger sells? I can't see any.

If you mean chart looks like a buy at this level I would agree. Near perfect channel of higher lows and higher highs and we appear to be about to bounce to 130p+.

Missed the Boat Man Jim.

Uruguayan corned beef of course.

Uruguayan corned beef of course.

Game of chicken if you're looking to buy back in. How long do you wait? Could end up having to pay a much higher price very soon.

ECO went over 30p on TSX last night.

Still can't buy even 100K shares. Looks like whoever's been scooping up shares the last few days in the 2.8-2.9p range has timed it perfectly for the next leg up. Where will the shares come from to let sellers back in? There are none available.

Yep. Can't even get a quote for 100K shares. If you sold out you're looking pretty screwed right now. This could really soar.

Could see a desperate stampede.

Have a feeling this unexpected news will jolt the SP higher and people that have sold will be rushing to get back in for fear of missing out. Won't be surprised to see this near 4p today. GLA

IMO it has been obvious for quite some time that the opposition had won the election.

If you only have one project it's always a good idea to diversify and reduce risk by adding another. Well done BOD in taking advantage of current market conditions to on secure what looks to be a highly prospective block. This is very unexpected news and could well trigger the next leg up in SP. Still expecting 5p short term. GLA

Check out the Chesapeake chart as an indicator of what's happening across the sector. 14 at Thursday close, opened today at 41.3 and now 67.2! Up 380% in just over one session. Makes BPC look like its just stretched its legs so far. Plenty more to come here and across the sector folks. Tiddlers are just starting to wake up.

https://www.investing.com/equities/chesapeake-ener-chart