Indeed looks like several big bets were opened on a T+3 basis.
Coinicidence this happened the day before flow rates came out though. Flows were officially not expected for 30 days.
So it is possible that someone knew the rates, thought they were good and took a position only to be pole axed by the DTs exiting on the day and scuppering his plans.
I should add I am not suggesting any AKK staff were insider trading - there are a lot of non AKK people involved in the program after all and people talk - rumours get out.
Still finding one commercial well with another already vertical to come is very good news and I feel the market will value today's ANN at a higher rate over the next few days.
All those buyers sitting there at 2.5 and above will have to raise their bids once it becomes apparent the sellers have finished at current levels.
My congrats to the lucky people who managed to pick up some OAs at 0.001 today.
EB
AKK Price at posting:
2.6¢ Sentiment: ST Buy Disclosure: Held
