RE: RE: RE: Nob56 waffenss, your confusing reality with imagination. Nobody to date has actually inboxed you. That parts your imagination. The 250 was rounded down actually (i posted this on this board)--my sources claim it was higher but everyone knows it was a shaky figure. We'll see when the data gets posted next month. So its the garbage of your imagination playing tricks with you, which is of course normal for a sociopath. Cause everyone needs friends, even if only imaginary ones..
At any rate we're down because of, in no particular order:
1) Europe on going debt crisis
2) time to bring wells online slower than originally thought
3) cost of wells (initially) sound shockingly higher but street can't add so gets freaked out because lemming trader joe can't hold the big picture in mind very long
4) tax loss selling
5) ceo delivers a hopeful promise he can't keep (to post results in dec) and doesn't deliver.
6) LEG CEO (YANKO) beaks off on con call and makes it sound like they don't need us or that we're not that important (of course a strategic comment). If LEG doesn't buy us out, my sources claim we have a handful of other players who will later this year.
7) This play is above all thing A LAND PLAY. One more time kiddies, A LAND PLAY. Some will argue an oil company in the making, but our biggest asset all along has been our enviable land position which is still worth about a 60 cent SP.
Whether we get bought out at 40 cents, 60 cents or $1 is anyone's guess. But the bottom line is we have the goods, this isn't a RYLAND oil nightmare where it turns out the land is mostly moose pasture. We're in the zone and so that alone means the only way folks are going to make any money on this play or in some cases, get their initial return back, is to hang in there and wait it out.
The noise and confusion of a knocked out SP will eventually dissipate and if not gradually then through a take out where we wake up and discover later this year that we're sitting on a minimum of 40 cents a share. You can bet firmly on that. I personally know guys behind the scenes who are betting many multiple millons CAN on BWD right now for precisely this scenario being enacted.