Yes PDP is up again on heavy volume today.
I think there must be something up and traders take positions in advantage of maybe some news we can expect soon.
Considering the fact they will sell their stake in Argentinia they must be IMO very sure about their new wells and fields in Columbia and Peru.Otherwise if I read latest posting about PDP correctly also they made improvements in Argentinia as well.So why taking the risk to sell the Argentinia wells if things are improving up there.Hope they could get a nice price for these sales .
Can they use sales from PDP to invest in CLL?Is that possible?DG is in control of both but has 30 % only in PDP.I don't know if they could use cash achieved from PDP to use for investment in CLL?Otherwise if PDP is doing well it has some minor contribution on CLL's sp as well .If they announce they found a giant well up there PDP's sp could rise some more.