I don't really understand the point of bashing . I would like to meet an investor that picks stocks that always go straight up . Buying high and selling low is not a recipe for success. Most that hold BWD stock see that they are very undervalued . Anyone selling at these levels I am sure will regret when the stock moves higher . Personally I don't care if it moves lower because I will add to my position . Their land is valuable , I invested in the company understanding this wasn't a company that was going to have a 50 hole a year drilling program . I also invest knowing that I am not going to be rich overnight .
A year ago nobody was even sure if there was Oil in the Alberta Bakken . It has clearly been proven that there is significant oil and oppritunity in the area. Bwd stands on better ground now then they did a year ago. Anyone looking at the balance sheet can understand the situation.
All the oil companies spending Millions on land in the area . They are not trying to throw money out the window . They are investing . Its not going to be an over night lottery winner. Investment takes time , no matter the outcome I am sure it will be positive from this point .
I invest in what I know and understand . I work in the area and I have been hearing and seeing very positive develpments about the alberta bakken. I also heard of a recent well that is better than any released publicly to date in the area. A few companies are expanding the investment in the area . Positioning themselves for the growth that is taking place . There just hasn't been near enough holes drilled to fully unlock the potential here , or the perimeter of the sweet spots .
Do some research on ND bakken . What they thought of the are and the potential oil in the ground 5 years ago and now what the estimates are . How long it took for the oil companies to dial in the zones in the area. The estimate of potential oil, in the ground has gone up ten fold in the last five years . The production numbers have grown at a rapid pace in the last while . That area wasn't an over night success and niether will the Alberta Bakken . All players in the Alberta bakken should benefit from increased activity. Personally I think Bwd has the most upside from current levels out of all the players in the area, with limited downside considering current conditions . I will sit on my position and add to it until others realize the value in the land they hold . Fundamentals are going for BWD not against it even if they dont have the capital to fund a big drilling program . Buy when others are scared when you know things will work out .
Dee Three has the majority of their land in The Alberta Bakken .It hasn't doubled in market cap in the last few months over nothing . Its the realization that they are sitting on huge amounts of oil As they dial in thier wells and drilling program.
Glta in all your investments . But bashers whats the point . I am not going to waste my time going around posting on forums of companies I think are a bad investment . No way around the fact that there is money to be made on Bwd's land they hold . And anyone wanting to step up and make the investment is getting an incredible discount . The stock market is one of the only places where people fear buying when things go on sale . I am sure I am not the only one who has made huge amounts of money buying in last quarter of 2011 when everything went on sale . How many sold out thinking armagedon was coming ? I bought , averaged down and initiated new positions . Most that have payed off better than I could have imagined . Here's to another one that should pay off down the road for my patients .