PVX – Provident Energy Trust Trust Units
A very good trade on the outlook.
Provident Energy Trust is an open-end investment trust created to hold, directly and indirectly, all types of petroleum and natural gas and energy related assets, including without limitation facilities of any kind, oil sands interests, electricity or power generating assets and pipeline, gathering, processing and transportation assets.
Wow that’s a big ‘TRUST’. Hmmmm
Look at the last fortnight, which was the platform for ramming through the previous 52 week high at $12.45.
The chart looks sexy with the last 14 days mostly green.
Take a look at the ppo at 1.111.
Buy anywhere above $12.46 with a stop just below $12.25, in case it fails to close above $12.45
I like the sector, love the trust and am crazy at that chart.