Maybe as share get released slowly to the market we see the sell off and then a lot of buying until the next lot of shares and that why the impact of more shares on the market will has less effect.
I imagine in the next 3 months this will rise big and people have been qiting for spudding for years and now it is on the horizon investors wo;; want a piece of the pie. Question is price on spud - 8p + has been argued ?
To go up on a Friday afternoon by 13.5% on the back to the completition of the merger I expect more to come in on Moday morning and we could beheading for 5p quicker than a lot of people think.
I expect this to continue the rise strongly next week as more and more investors realise the potential of BPC. With so much oil potential in both former CERP assets and at BPC's wells let the good times begin. First target 3p which could be reached next week as the new investors all want a share of this potential oil beast.
This stock looked well in demand later on in the trading session and could be a very positive week next week with oi prices increasing and demand increasing for the share.