I took a look at the report and it confirmed to me what I was thinking.

What really gets me is that they (TRACS) did the report based on cold oil recovery methods. In fact, XEL will not be doing this, but using an enhanced recovery method involving heated oil, maybe a steam assisted method, similar to what is being used in the oil sands, but adapted for the Norht Sea.

I have added again as my "stink" bid was filled at 3.00 bucks.

I don't see the share price going any lower, but when it comes to the big houses, you can never tell if they think that a share raid will produce some results from investors using stop losses.

The fall of XEL looked to be done in 2 waves that would have taken out many a stop loss.

I personally don't use stop losses, and have seen what happened to those who do. Case in point is IPL.UN, there was one day when the market was going down, over 200 points as I recall, and they had a spike downwards that caused a bunch of stop losses to trigger.

The SP ended up right where is started for the day. Always have to watch, because the funds certainly are.

Andy