GREY:BNKPF - Post by User
Comment by
tinman8on Aug 03, 2009 12:01pm
373 Views
Post# 16186693
RE: shale gas
RE: shale gasYou are quite right Seabird - and there seems little reason to do anything but continue to accumulate on this stock.
The news is all positive with increased emphasis on NG use , as a matter of policy in the US.
The play in Poland - with the higher prices in Europe for NG - represents huge potential in the coming months, and it will be very interesting to see how this unfolds.
Over a year or so I can easily see this stock returning to its issue value of $2.50, but in the meantime I anticipate a price of close to a dollar + or - by years end.
However, any dramatic positive news out of the Poland play could propel the SP much higher much sooner.
All IMHO of course - and as always please do your own DD.
GLA