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Agree there has been some ramping in the past and it is a volatile share. However the recent price movement up is being driven by actual drilling results that suggest large extensive oil deposits that should be extractable. There's a lot more discussion on the iii.co.uk board.
Anyone confident with short term / intra day trading could have fun buying and shorting this one in a well defined price channel using a 15 minutes time frame. Personally I'm happy to hold as I'm of the opinion that sooner or later one of the big oil players will take them over at a good premium to current prices.
not been involved in a share that has been so resiliant to sharp drops. someone vacuing them up.
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