GREY:BNPUF - Post by User
Comment by
shambano1on Mar 02, 2016 9:21am
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Post# 24612060
RE:RE:RE:Somebody mind explaining this...up 30 cents?
RE:RE:RE:Somebody mind explaining this...up 30 cents?their strong hedge book and high quality assets are the reasons BNP is going up as well a recovery in oil prices.
the market has figured out that they can hold on even with ng at 1.70/mcf until prices recover in late 2016 or 2017 and even reduce debt a little but I really doubt that they will reduce debt that much unless they sell assets to raise cash.
if BNP goes back above 3 I think we might see a secondary just strengthen the balance sheet so I'm getting a little nervouse at these levels.
but longer term BNP will survive dyodd