RE: RE: RE: Hey JD better have another shot...I heI still think most of it is tax loss selling. Alot of people who bought BWD in 2011 are under water (myself included although I'm not selling) with BWD with some having up to 50% losses. With potential loses that high I suspect we're seeing a fair amount of tax loss selling pressure on the SP.
Retail invetsors see the SP drop from the tax loss selling/lack of news and join in because they don't know what's going on other than the SP is going down further.
I did hear from management (via email response) and at least confirmed the Kip well was indeed going on production. That doesn't confirm good or bad results regarding bpd's but at least we know the well is not a duster or of such a terrible water cut etc. as to be plugged/abadoned.
I suppose to be fair it could be somebody knows something we don't but time will tell the truth. It always does.
Here's hoping the news ,when it does come, is good.
All JMHO,
Van