RE: RelaxWell, I'm pissed about the financing, but for a lot different reason than the other whiners on this board. I'm irritated that the shares didn't go a lot lower on the news. I picked up more shares, but would have got a lot more if I could get em cheaper.
I agree with everything you say. BUK is nicely priced on the back of Durango alone. But it's North Piper that I'm interested in. If they show us a good result and this baby may not be in single digits for too long.
BUK is a rare breed - a well funded junior on the cusp of great cash flow and a monster exploration well in the near future. I suspect we'll now hear the usual suspects start to really tout the play. Not too often a small cap play has such a large piece of a 500MM bbl target that has decent chance of success.