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Bullboard - Stock Discussion Forum
Bridge Resources Corp
V.BUK
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Bullboard (TSXV:BUK)
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(59)
•••
impega
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Comment by
impega
on Apr 29, 2010 12:44pm
RE: NEWS!
Congrats to the longs here. Looks like the move in to Idaho was a great strategic decision.Sale of their producing N.S asset should generate top dollar and fund the N.A drilling program.Nice to hit on
...more
(12)
•••
raybay_98
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Post by
raybay_98
on Apr 29, 2010 12:15pm
What A Disaster!
PXM at +16.3% and BUK looking to go into negative territory. Like I said, time for management to be gone. Could it be that they can only get 10 cents on the dollar for the NS gas assets?JMHO
(12)
•••
raybay_98
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Post by
raybay_98
on Apr 29, 2010 11:47am
Ten Cents On The Dollar!
eom
(4)
•••
molymoney
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Post by
molymoney
on Apr 29, 2010 10:18am
Our gas could be worth 8$ per MBTU
Consider this article: https://ezines.kci-com.com/display.php?M=626566&C=eae4524d2a9b7b0c9fe7850c003a8596&S=11820&L=18&N= MM
(0)
•••
EYAuditor
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Post by
EYAuditor
on Apr 29, 2010 9:10am
NEWS!
Looking all good to me. https://www.marketwatch.com/story/bridge-resources-corp-and-paramax-resources-ltd-announce-initial-test-results-on-first-idaho-well-2010-04-29?reflink=MW_news_stmp
(12)
•••
raybay_98
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Comment by
raybay_98
on Apr 23, 2010 4:30pm
RE: RE: RE: RE: RE: RE: RE: RE: 3 for 3
Hope your right. I'd say, they'll be forced to keep the north sea gas assets due to low ball offeres and forced to do a massive equity dilution, which in the long run may produce
...more
(0)
•••
TheJesus
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Comment by
TheJesus
on Apr 23, 2010 1:20pm
RE: RE: RE: RE: RE: RE: RE: 3 for 3
Anyone already on the platform would just be adding to their own production without having to do more than write a check.I'd say they get closer to 80 cents on the dollar.
(12)
•••
raybay_98
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Comment by
raybay_98
on Apr 23, 2010 1:17pm
RE: RE: RE: RE: RE: RE: RE: 3 for 3
Time will tell. Playing PXM and BUK, like Byron, may be the wisest move.
(0)
•••
TheJesus
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Comment by
TheJesus
on Apr 23, 2010 1:11pm
RE: RE: RE: RE: RE: RE: 3 for 3
Youll get a buyer who wants 7.5 million cubic feet per day that's flowing now.Logically this would be one of the other companies on the platform,everyones gas is flowing into the same pipe man.
(12)
•••
raybay_98
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Comment by
raybay_98
on Apr 23, 2010 1:03pm
RE: RE: RE: RE: RE: 3 for 3
The 'backout situation' is going to be a real real problem. Even at .50 on the dollar, what buyers are you going to find when you factor in the 'backout situation' and that is why all
...more
(0)
•••
TheJesus
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Post by
TheJesus
on Apr 23, 2010 1:02pm
Either way
Testing results should start coming next week and fourth well completion too.Pick a stock and get in today.I own both because I like fast money and smart money.
(0)
•••
TheJesus
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Comment by
TheJesus
on Apr 23, 2010 12:51pm
RE: As The Buyers Dry Up
Do some reading first there slick.PXM is fast money in and out.You may want both companies.Patience may prove that BUK is the muscle here.
(0)
•••
TheJesus
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Comment by
TheJesus
on Apr 23, 2010 12:39pm
RE: RE: RE: RE: 3 for 3
Durango's only pumped 4 bcf their reserves are still 23 bcf thats worth 160 million dollars.If they get 50 cents on the dollar thats 80 mil.That doesnt include the other assets they're selling
...more
(12)
•••
raybay_98
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Post by
raybay_98
on Apr 23, 2010 12:24pm
As The Buyers Dry Up
BUK goes nowhere. Even with the large buyers today, there are too many sellers and that tells me to get out as this is heading lower. With the cash I'll buy PXM.
(0)
•••
massEntropy
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Comment by
massEntropy
on Apr 23, 2010 12:21pm
RE: RE: RE: RE: 3 for 3
Yes but BUK has $8M more in market cap. You can't compare companies by share price, that is just silly!
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