RE: RE: I'm a believerHi Mike - I've traded in and out of this one - sold some at 80 cents, bought them back at at 31 sold a few at 44 and so on - still have more than half my original position, but need 80 cents just to break even overall.
It's far too early to think in terms of buyout. BUK is in the company building stage, and will certainly not want to lever up production with debt, although one could argue that since Oilexco did this and got scalded on the econcomic downturn and oil price meltdown, the timing for that kind of gambling might be better now. What Oilexco did seemed brilliant in July, insane by December.
The share price here hasn't performed as well as IAE or AEN recently...I don't own those