6 replies to this topic

[Cirrus]

These are wonderful ST trades in the backdrop of the PWE buyout. The sentiment got very negative after the Alberta announcement last week and this event completely wings things. PWE in particular looks explosive ST and I think its a tremendous risk/reward opportunity.

[Drano]

PWI also announced a buyout today by an Abu Dhabi company. Up 6 points.

[Cirrus]

PWI also announced a buyout today by an Abu Dhabi company. Up 6 points.

My mistake...my previous post should have said PWI buyout. Thanks for the very polite correction.

[Drano]

The thing about PWI is, it's going to be priced in Canadian dollars. So there is currency risk for Americans. I decided to sell my position just a bit above where it is now for that reason.

[Cirrus]

For me it's a major unexpected catalyst. Thi should change institutional sentiment toward Canadian E&P over the coming six months. It's a watershed event. There's big up volume in the sector today. No way a herd of elephants can get into the bathroom in one trading day. My guess is the sector sees a 10% ramp over the coming few weeks.

[Drano]

For me it's a major unexpected catalyst. Thi should change institutional sentiment toward Canadian E&P over the coming six months. It's a watershed event. There's big up volume in the sector today. No way a herd of elephants can get into the bathroom in one trading day. My guess is the sector sees a 10% ramp over the coming few weeks.

Also please note UNG, the nat gas ETF, up over 3% today.

There is a rumor that it might get cold in the north in a few months.

[Islander]

You right. (And PWE is not a bad play either). This will be a scrample to get in and it will make a few over buys probable. Love excitement! Good insight. Islander.