short term trading week beginning - 5th nov, page-53

Entry for STT list:

MKE
TA long
FA long

TA setup

Ran from 8c to 16c has since retraced to the 38.2% Fib line at 13c on no volume. appears to be bouncing off that line today after a no volume day, yesterday.

Have a target of 18c which is the 61.8% fib line as well as a long standing line of resistance.

FA Setup

BESBS trade possible as we await the JV funded drilling of the Duvernay lands.

Numerous media reports of a white hot M&A environment in the canadian O&G sector which management have proved adept at extracting deals from.

Recent broker coverage has placed a value of 41c a share on them as an attempt at putting a look through land value on them.

Majors are drilling in close proximity to all MKE lands and have been unusually coy regarding results, I take this to be an excellent sign of strong results.