BNP Resources Inc. V.BNX.A

crunch time

[rockhead7]

We are past the point when many management teams would have thrown in the towel and moved on, or tried to get re-hired at Encana or CNRL.  These guys are committed o this thing and seem determined to make it work or die trying.  I hear that they are making massive cuts to G&A to fund the on going work at Jensen, at the same time they continue to shake the bushes for partners.  $46 oil and a credit meltdown aren't helping matters but I believe that this team will pull this one out of the fire.  Probably not going to be the ending that we all hoped for a couple of years ago, but the story will improve from here.