GREY:BNKPF - Post by User
Comment by
musingon Mar 17, 2010 11:56am
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Post# 16893007
RE: Shale Plays In Europe: BNN (coming up now, eom
RE: Shale Plays In Europe: BNN (coming up now, eom
Gas companies who produce in Europe will get Double the reward because of European prices for gas.
Currently, Europe is completely dependant on Russian gas
In Europe there will be a first mover advantage.
Large multinationals are taking positions in Europe but small companies (juniors) have the best upside, indeed the potential for multi-baggers.
Investors should be invested in companies that have the ability to drill shale, who can drill thousands of wells ($ 8 M/well).
Gas Prom (Russia) is nervous b/c its missed the boat with European shale.
Currently, Conoco Phillips drilling in Poland. If they hit, companies like BNK Petroleum (others mentioned) are going to fly.