RE: RE: 1st Quarter financialsPatience will pay off. I've been in this stock for quite a while and own quite a few shares. I know that we seem to be losing share price and it is becoming hard to take however, the entire market is down (which exception to a few stocks) BUK seems to have less fluctuation then most. This actually makes me believe harder in Bridge.
I'm wiling to ride out until the monthly financials are released. I know when people can see just how much Bridge is making, and how much backout payments are being made, this will still be a solid play. They have 2 commitment wells which will start drilling probable July-Aug as Rig prices level out and become available. Durango will bring share prices up to around the $0.70- $0.80 range by then end of the year. Bridge management believes there price will be above $1 range judging by their warrants and options. If we don't break the excercised price these warrants come off the market and the amount of shares issued will be reduced strengthing our positions. If we do break that price we all will be happy considering our postions today. The only risk is if Durango has problems. ie. sand or water.
Does anyone know where Durango lands in the hydrate curve? I may have to talk to someone in operations.