RE: RE: Interesting "Doesn't Bwd warrant a higher valuation just on Land position alone . Considering the continued success in the area ?"
I think the BWD should warrant a higher valuation for its land base. What we are seeing here is a discount tied to the mgt team. BWD doesn't have the capital to drill, the previous wells were very expensive and unsuccessful (on a production basis). I think any significant buying will come after the strategic alternatives process. people want to know what the company will look like after. How much land will be sold, how much dilution...