RE: Bad News Likely“If the news was any better than what BUK had already communicated to the market, why halt the stock??”
WTF are you talking about? All BUK did was state to the market that they had gas shows when they began to drill the horizontal component of this development well. They never stated anything about flow as they were still drilling the well. You can’t test a well if it’s not drilled yet so where you come up with this stuff looks suspicious.
“Based on the last few days of trading, looks to me like all the good news was already in the stock price at $1.40.”
And you would know this how? I guess you know what every investor/trader is thinking right? BS! No one does. You’re just hoping that’s the case.
The news can be good or bad. If the halt is held to Monday morning then it insinuates good news. Time will tell, but as to why you choose to try to trash the company, I guess your username says it all!