tap up 40% from recent low price

  1. 1,900 Posts.
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    No-one following TAP any more, is it just coopec and uznbuz ?

    Not sure why someone dumped 6-7 million about 6 weeks ago but the price has rebounded hard since then. Possible reasons :-
    - Manora oil only 4-5 months away should trigger an immediate re rating as any associated 'risk' is eliminated.
    - market liked the new $90 mill BNP Paribas lending deal
    - maybe an asset sale is getting closer !?!
    - maybe a corporate play is in the offing.

    Not a lot of volume with the price rise but the buying is persistent (and patient) and the sellers are reluctant.
 
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