RE: RE: Very risky the way I see itHoly moly smokes! up 100%
Its a low risk after the meeting tomorrow about compression permit, until then its anyone's guess. However, from all the domestic hypes, economy meltdown etc, and the imposing of addtional conditions back in July 14th meeting, I think Bridge can pull out a green light tomorrow, and if thats done, as all(in)idaho mentioned, this stock can easily hit higher teens.
In my personal calcualtion, the valuation of this stock should be around 30/32 cents as of now.
With a specific time line of putting gas in the market and of current market price of gas, Bridge stocks does have potential to go back to its previous price of 50cents + (Assuming no other impediments come across).
Banks will certainly restructure their debts should they get the permit approval tomorrow
Let see what happens !