Here is a bit about BFR.V
Quote:
Buffalo is an emerging Canadian junior oil and gas company engaged in the exploration, development and production of oil and gas reserves in the provinces of Alberta and Saskatchewan.
Alberta Prospects
Peace River Arch - Buffalo has an average 80% working interest in 13,000 gross acres of undeveloped land in the Peace River Arch. Several high potential oil & gas prospects have been identified generally targeting zones in the Triassic and Mississippian periods.
Production Locations
Frog Lake - Buffalo acts as the operator and holds a 50% working interest in more than 50 oil wells. Buffalo has farm-in and participation agreements for 40,000 gross acres of undeveloped land with the potential for in excess of 100 low risk drilling opportunities over the next several years.
Oil production is from the McLaren, GP and Sparky zones and gas production is from the Colony and Viking zones.
Pincher Creek, Alberta - 66% average working interest in 42 sections.
Viking Killam, Alberta - 80% average working interest in 48 sections.
Whitecourt, Alberta - 40% average working interest in 53 sections.
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Here is the SharpChart
BFR.V - SharpCharts from StockCharts.com
The first thing to note is that the share price has broken through significant resistance in the last 2 weeks. It now has passed through the 50 and 200dayMA closed above the 200dayMA
The Accum/dist which has been decidedly negative has crossed its 20dayMA and turned positive...people are accumulating this stock.
The RSI and TRIX are nicely positive. The bollinger Bands are expanded after this 2 week surge but the share price hugs the upper Band. I would expect some pullback and sideways motion but all in all this looks like a pretty good chart to me.
Here is the P&F chart
As can be seen we have run smack into a resistance line at $1.23...the next resistance is at $1.33....the support line can be found at $1.08
Here is the 5 day Yahoo linechart
It is hard to tell if the price will break up or down to start the week (May 5) I would expect some up/down trends at first.