RE: down down downJDgreat1,
unlike you i am not whinning (and unlike Charlie Sheen i am not winning). I replaced Whinning with simply banging my head against the wall.
Between the tax loss selling, lack of news flow, the global fear trade and no confidence BWD has become the poster boy of what not to own.
I was/am concerned about Trents comments on how LEG does have outs and does have plenty of time to drill any follow up wells. Communication with BWD indicated that LEG is a committed partner. further communication (as i interpret it) was that the well wasn't on production yet and that LEG would want between 2-4 weeks worth of production before coming out with any release. so I would be shocked to hear any information prior to mid January.
I would have to suspect that we are close to the bottom as I value the company at $.15 using $35,000 per boe, and $250/ acre for land. I will be more than happy to use higher land valuations but until there is more information I will have to stick with the assumptions that I used. Furthermore we are pretty close to the original share price before the whole SAB stampede took off. This being said I think there are new lows ahead.