The Canadian Technician

Prairie Sky Launches As A Spinout From Encana

Greg Schnell | May 29, 2014 at 11:36 AM

One of the largest royalty IPO's to come out this year started trading today. Prairie Sky Royalty Ltd. (PSK.TO) started trading and jumped up over 25% on the original IPO price of $28.

The first trades this morning went through at $34.99!!

Enjoy!

Good trading,

Greg Schnell, CMT

About the author: Greg Schnell, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More

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