For the record...For the record...
Thanks for the "defense" TO1... not at all necessary, but you've saved me a lot of breath.
For anyone wondering, I haven't sold or bought a share for at least 2 months... that includes the recent price destruction on the back of the North Piper miss.
losvegas, I'm not going to try to convince you of anything... next time you have something constructive to say, feel free to do so. If North Piper had hit, you'd be singing a different tune. As for that BNX.A you keep referring to, all I have to say is that I think that time will prove me right on that one.
My opinion of BUK is totally unchanged. Going higher in the future. $1.50 base valuation seems reasonable to me based on 2x cash flow or a NAV blow-down. I'll put up another post shortly that details what I think the "true value" is... the market can agree or disagree, but the following post will detail that logic that I'm investing on...
Good luck to the longs. 5-6 wells coming next year and one of them is another biggie... I'll be here for all of them.