Fight if you must, butToo me it's simple.
1) The ROA merger with the private co. gave BWD new and I'm told very experienced management. It's no longer the old ROA!
2)The land acquisition and the amazingly rapid and over subscribed financing suggests the area is highly prospective or at least is believed to be.
3) The simultaneous Murphy Oil bid and purchase added more credibility to BWD's bid and the Alberta Bakken as well.
4) The massive CPG land purpose in the immediate area added even more cache to the Alberta Bakken. The Rosseta(?) discovery just south of the border in North Dakota suggests a large pool contigous pool, which we know from the Saskatchewan Bakken heads southwest from Sasktachewan into the northern US states. Why could the South East area of Alberta not be part of this know to be massive pool.
5) Ignoring the GMP (self serving to a point) target for BWD, their mention of the need for a farm-in partner will likely let BWD participate for free. This will not be cheap drilling, so isn't it logical to assume a large well finaced company will be who comes knocking to be their partner?
6) Unknown, but potentially of great benefit, what generally happens to stocks in an area that becomes 'hot"?
It doesn't matter to me who fights and why. It's a big time waster from my perspective!! Very quickly, the ignore button can be brought into play anyways.
However, if the objective is to make $$ on an investment project, then this one has more than enough potential for me to ......
©Wait and Win™