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If EWC and Flex are out, their stock prices don't reflect it

Home › Forums › InterOil Forum › If EWC and Flex are out, their stock prices don't reflect it

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This topic has 1 voice, contains 1 reply, and was last updated by  Palmtok 101 days ago.

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February 7, 2012 at 10:42 am #7234

Palmtok

Looking at EWC and Flex PPS to see whether they are doing anything EWC is holding firm at $0.625 (above Chandler’s buy-in of $0.60) and Flex has popped back up to 6.20 NOK after languishing in the mid 4s for all of the bad news days. Volume on Flex yesterday was 400,983 shares which is very high for them.

I still believe both of them will be in and Daewoo FLNG will be added.

February 7, 2012 at 11:06 am #7240

Palmtok

When you actually look at the recent Flex pps it was just the end of January it was in the mid-3s and looking pretty bleak. So with volume since then it has almost doubled, and is above IOC/Pac LNG’s buy-in price. Will be a fun battle to watch the rest of the day for IOC pps. If we get a volume boost post Binck-lunchtime, we might smell some singed short tails.

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