Yep, it trades like there’s a very small number of sellers, possibly only one or two in recent days
Sets of offers through several MMs, then a blank day or two
Could be a broker assist trade, forced liquidation, or I could be mistaken (rare but it happens)
In any case, the tide is way out
The Fed is draining M2, SPR drained, gasoline strategic reserves drained, and WTI continues to march higher, currently >$91
The market environment for upstream M&A continues to improve (except for the softness in commercial credit availability, the sucking sound of M2 shrinkage)
The low, low tide ….
Sitting on the dock of the bay ….
I know the sky will be a brilliant blue
And the tide will rise
Keep the bilges dry
spec
- Foglifter -
Market Data 
Markets 
