RE:RE:BNP - Non stop under-performance bago wrote: It hasn't underperformed the last couple of days compared to the others. PONY was down big yesterday and BNP did better today as well. It's close to breaking out but you look at what happened yesterday with AECO and Station 2 and you wonder how it was even green.
If you look at the peers, their recent lows in Feb/March and then the % gain compared with BNP, clearly, BNP is underperforming.
BNP has less exposure to AECO than Crew Energy. Stil Crew Energy has outperformed.
Crew Energy's recent low was 1.37 and the recent high around 2.20. That's 60% up from the lows. BNP's recent low was 1.11 while recent high 1.35 i.e. merely 21%.
Also check out BXE, PONY, BIR etc.. most of them are somewhere from 40% to 60%.
Don't know if something is hidden from investors which MMs know or just irrationality of the market punishing BNP SH.
I hope we catch up to the peers' gains soon. Just 20% from the recent lows is very much an underperformance.
I am concerned because I have a huge % of my portfolio allocated to this one company alone. My bet was against the market sentiment regarding the NG stocks which I think has outperformed but I picked the wrong stock, unfortunately.