PCL

The volatility of this stock is more dramatic than a yoyo. Why it went up so much on Friday? I have no idea. There is no announcement. Like a lot of explorers, there is a lot of hype. The difference with this one is the number of farm-ins... with deep pockets. With Apache, Tullow and BG, you are unlikely to get careless investors who didn't scrutiny available data before committing themselves to the expensive exploration.

What I dread when price jumps is whether inside informants are at work. It becomes a very unfair market place. It is extremely difficult to expose the illegal activity.

For those wanting to trade and you are good with the yoyo, until it actually strikes oil, it is a great one to trade. But pure trading is blind gambling. Mine is 'calculated' gambling. I prefer just to buy when the price dips and wait for the predicted oil strike.