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News Focus
SKRR to Commence Uranium Drill Program to Test Conductors at Clearwater West (click to learn more)
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Bullboard - Stock Discussion Forum Bridge Resources Corp V.BUK

Bullboard (TSXV:BUK)

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Comment by impegaon Apr 29, 2010 12:44pm

RE: NEWS!

Congrats to the longs here. Looks like the move in to Idaho was a great strategic decision.Sale of their producing N.S asset should generate top dollar and fund the N.A drilling program.Nice to hit on ...more  
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Discussion
Post by raybay_98on Apr 29, 2010 12:15pm

What A Disaster!

PXM at +16.3% and BUK  looking to go into negative territory. Like I said, time for management to be gone. Could it be that they can only get 10 cents on the dollar for the NS gas assets?JMHO
541
Post by molymoneyon Apr 29, 2010 10:18am

Our gas could be worth 8$ per MBTU

Consider this article: https://ezines.kci-com.com/display.php?M=626566&C=eae4524d2a9b7b0c9fe7850c003a8596&S=11820&L=18&N= MM
630
Post by EYAuditoron Apr 29, 2010 9:10am

NEWS!

Looking all good to me. https://www.marketwatch.com/story/bridge-resources-corp-and-paramax-resources-ltd-announce-initial-test-results-on-first-idaho-well-2010-04-29?reflink=MW_news_stmp
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Comment by raybay_98on Apr 23, 2010 4:30pm

RE: RE: RE: RE: RE: RE: RE: RE: 3 for 3

Hope your right. I'd say, they'll be forced to keep the north sea gas assets due to low ball offeres and forced to do a massive equity dilution,  which in the long run may produce ...more  
608
Discussion
Comment by TheJesuson Apr 23, 2010 1:20pm

RE: RE: RE: RE: RE: RE: RE: 3 for 3

Anyone already on the platform would just be adding to their own production without having to do more than write a check.I'd say they get closer to 80 cents on the dollar.
724
Discussion
Comment by raybay_98on Apr 23, 2010 1:17pm

RE: RE: RE: RE: RE: RE: RE: 3 for 3

Time will tell. Playing PXM and BUK, like Byron, may be the wisest move.
547
Discussion
Comment by TheJesuson Apr 23, 2010 1:11pm

RE: RE: RE: RE: RE: RE: 3 for 3

Youll get a buyer who wants 7.5 million cubic feet per day that's flowing now.Logically this would be one of the other companies on the platform,everyones gas is flowing into the same pipe man.
535
Discussion
Comment by raybay_98on Apr 23, 2010 1:03pm

RE: RE: RE: RE: RE: 3 for 3

The 'backout situation' is going to be a real real problem. Even at .50 on the dollar, what buyers are you going to find when you factor in the 'backout situation' and that is why all ...more  
488
Discussion
Post by TheJesuson Apr 23, 2010 1:02pm

Either way

Testing results should start coming next week and fourth well completion too.Pick a stock and get in today.I own both because I like fast money and smart money.
528
Comment by TheJesuson Apr 23, 2010 12:51pm

RE: As The Buyers Dry Up

Do some reading first there slick.PXM is fast money in and out.You may want both companies.Patience may prove that BUK is the muscle here.
450
Discussion
Comment by TheJesuson Apr 23, 2010 12:39pm

RE: RE: RE: RE: 3 for 3

Durango's only pumped 4 bcf their reserves are still 23 bcf thats worth 160 million dollars.If they get 50 cents on the dollar thats 80 mil.That doesnt include the other assets they're selling ...more  
414
Discussion
Post by raybay_98on Apr 23, 2010 12:24pm

As The Buyers Dry Up

BUK goes nowhere. Even with the large buyers today, there are too many sellers and that tells me to get out as this is heading lower. With the cash I'll buy PXM.
506
Comment by massEntropyon Apr 23, 2010 12:21pm

RE: RE: RE: RE: 3 for 3

Yes but BUK has $8M more in market cap. You can't compare companies by share price, that is just silly! 
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Discussion
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