Today saw Cormark (Sprott) buying over 450,000 shares of ATI which straight-lined the price at $1.84-$1.85 most of the day. This after a May 9th Sedar filing showed they owned approximately 18% before today. It's obvious that Sprott has chosen Altai as their primary Horse in this play. Altai was the only one of the Four Horsemen to finish up on the day. Nat gas and oil finished down which tempered the excitement over Encana's announcement that they would be splitting into two companies, one focusing on their oil sands and one on their nat gas plays. They specifically mentioned their focus on unconventional nat gas plays as one of their primary focus areas going forward.
I mentioned on Stockhouse that I find it extremely interesting that none of the Four Horsemen have announced a deal since the 4/1 Forest Oil announcement (note Junex announced a deal on 4/1 with Forest Oil). If this was a metal play or conventional gas/oil play, you would have staking and deals going on almost daily. However, most of the prime land has already been taken up and no one wants to part with this ever-appreciating land play. Altai has the largest land play around the discovery holes that hasn't yet been jv'ed with a partner.
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May
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- Mundiregina....Oh where art thou Mundiregina
- Utica and Maritime Shale Update
- CQM.H - I bought shares today for posterity sake
- A repost from Stockhouse I made on Tuesday
- Busy researching the Maritime Shale this weekend
- WOW....What a day for the QEC and JNX
- Only time for a few points tonight...................
- Looking forward to the week ahead.........
- Most of the Lowland plays were screaming today
- Thanks to a reader for pointing out Sprott holdings
- Interesting trading in Altai today
- Quebec Shale Gas Play vs Horn River, BC
- Blogging about the St. Lawrence Lowlands Utica Sha...
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