RE: Never seen this before The increased production was probably already anticipated. Also it will only be trucked IF two triple tankers are avail. daily. If they are not delays in shipping the oil will occurr.One would think that by now management would have secured daily reliable trucking for the product. But as stated before mediocre is what you get with BNG management.
Sometimes it takes a day or two for the big boys to assesss the NR's then it will either go up or down accordingly. I've been in this thing since the Avery days so have become immune to the constant inability of management to grow the SP. Sooner or later this POS will either take off or be bought out & the sooner the better IMO.
I have always wondered why management & insiders are not buying shares on the open market & just buy under the company share purchase plan. There is little leadership from within that instills confidence in management & that is reflected in the ever low SP IMO. Management plods along collecting what they can without any concern for retail SH's IMO & creating SH Value is a thing in the distant future as long as the money keeps rolling in to meet the pay roll.
The last two NR's are of course encouraging but hardly the stellar results institutions & retail investors were hoping to see. You either believe in the future & management or you don't. I''ll stay invested in the hope that their properties will one day be avail. as a take over & management changes will finally bring the results I have been waiting for (foreverit seems. There is still a Spec. buy out there with a $2.15 target so if they ever get their act together the upside is certainly there to be had.