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A number of small-sized oil companies go on a tear after more hostilities with Iran around the...

A number of small-sized oil companies go on a tear after more hostilities with Iran around the globe keeps traders betting on the best energy plays. After pricing in risk on Big Oil, it's the micro caps in the spotlight today with Royale Energy (ROYL +14.1%), Mexco Energy (MXC +14.8%), and Pyramid Oil (PDO +6.4%) posting big gains - and Blue Dolphin Energy (BDCO) taking the cake with a 66.2% runup.
Comments (1)
  • Uncle Pie
    , contributor
    Comments (2785) | Send Message
     
    probably one or more hedge funds piling in, having borrowed more money than the market caps of the companies they are bidding up.
    Like a herd of elephants.
    13 Feb 2012, 12:32 PM Reply Like
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