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Bowood Energy Inc V.BWD



TSXV:BWD - Post by User

Comment by chizledon Apr 14, 2012 1:24pm
377 Views
Post# 19794452

RE: RE: RE: What could have been.

RE: RE: RE: What could have been.

I would have to disagree with argosy being the better takeout . They have 1/3 of the land BWD has and 5 times the debt . You factor in the debt of 20million of GSY with the market cap and BWD's debt with their current market cap and the total is virtually the same just under 40 million . So you get 3 times the land with BWD. Both have land adjacent to Torc's current drilling and production. One well of GSY doesn't make them a better take out IMO . But we will see if either get taken out . I looked at investing in GSY a month ago , good choice not too , they have fell of a cliff since then down 47% while BWD is down 13%. I still feel BWD is a better buy at current levels and looks like the selling pressure on BWd has stopped . I still feel positive about the market and energy sector going forward . The market is still pricing in $85 oil . The stocks have not risen with the commodity . Oil has been over $100 for over a year. If we can just keep some of the fear out of the market that the world is growing and not coming to an end . I think thats half our battle.

Obama is trying to streamline Nat Gas use and Production so this should put a floor in the price of Nat gas which will hopefully be another positive going forward . GLTA in this current environment.

https://www.ogj.com/articles/2012/04/obama-forms-unconventional-gas-interagency-working-group.html

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