For someone new to Canadian stocks this looked like more than tax-loss selling and yes it's possible news has leaked .

However , this is the prime acreage in this part of the Southern Georgina .   If this acreage doesn't work then the that doesn't bode well for the rest .

Statoil are spending serious money to condense the time frames opting for horizontal wells at a very early stage .  PFC are carried and their share price could not fall much lower .

The problem still appears to be one of trust of directors after the Rodinia saga .

Yep there could be bad news or shenanigans on the way but I've just backed Statoil's judgement by topping up .