I know all oil and gas stocks are under huge selling pressure but here is a tip for all PVD holders, STOP selling!!!! Yes we are not going to get the normal pre-spud run in the share price that has been the norm for most highly anticipated wells over the last few years but this does not mean we need to be selling the stock down on such low volumes! PVD are free carried for two wells targeting a large resource. I am concerned where the SP is heading but would be more concerned if the price was being driven down on large volumes. So let's not give the buyers an opportunity to pull the price down and as holders not sell. Provide at least some resistance against the ones that are too scared to hold!
PVD Price at posting:
32.0¢ Sentiment: None Disclosure: Held
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