Every stock has bulls and bearsBWD is no different!!
However, I ask the question, what do CIBC, BNS, BMO. Haywood and GMP, to name a few, have in common? Drum roll please!!!!!!!!!!! They all have written strongly supportive research reports on the Alberta Bakken and they have all written strong reccomendations for either BWD or LEG/BWD. The LEG drill started less than a month ago on BWD's Blood Nations land. Obviously no-one knows what lies ahead for either the results for this well or for that matter many other drill results by other companies in the area. This area has seen nearly $1billion spent on land acquisitions over the last 2 years, but isn't that what Oil and Gas companies do? Don't they buy land and then they drill it?
I think everyone should chill until we see some results from LEG and/or others.
PS Most other area plays in the oil patch took time to gain traction.