Major volume today and TD cut target to 2.25 from 2.50. new coming in early Febuary.

Now they have an extra $12.5 million break-fee collected from Spartan. Also modestly lower production
forecasts. Meanwhile, the company is actively pursuing an operated waterflood program that is showing early signs of promise to increase production (maybe).

We are hearing that details of the 2013 capital budget will be released on February 6.

at 1.40 we are holding and may trim before Feb 6 if we get a run or news before them.