Huge purchase at the buzzer, Canada and the USA. Shorts r screwed, Egypt will explode this w end and oil goes higher. As I said this will be 12 next week and 14 , I repeat FOURTEEN before year end!!!!!!
Many players are circling Penn West , thats why u saw the huge insider buys. Among the players are Exxon Mobil, BP , and soverign funds from the UAE.
Offers are ON THE TABLE, I repeat ON THE TABLE. Thats why Nunns was not sacked. It would have provided a distraction to the high level talks in place. It was insisted upon by the parties negotiating that Penn West REMOVE dead wood on the operational departments.
Nexen and Progress are in play, both were up huge today. The ducks are lining up perfectly. Nexen and Progress bought out. Keystone passed, coal is dead and natural gas is the future fuel. For the offer to stick thew premium MUST be huge. I am told an offer is in the works for about 22 dollars a share. This would be a slam dunk double from current price and would be awful hard for Harper to turn down.