GREY:BXEFF - Post by User
Comment by
An1588eron Aug 14, 2019 7:37am
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Post# 30026019
RE:13 X Gain to BXE 5-Year Average Market Cap
RE:13 X Gain to BXE 5-Year Average Market CapI bought more yesterday. Anyone who bought since June shouldn't sell. I suspect there has been a good amount of capitulation. I'd imagine investors who've held through recapitalization are very frustrated with the massive loss in value and are simply selling to get out and move on. I started buying into my position after recapitalization and have an average cost of $0.90. Natural gas storage, even with the disappointing summer, is likely to remain below the 5 year average going into winter. A few years ago when people thought $30 oil was here to stay is the same as people who suggest $2 gas is here to stay. When gas gets to $3 or above, BXE will be worth much more.