RE:RE:RE:RE:RE: Showing strengthtbnorthstar wrote: What a company is worth based on various metrics and what the market assigns as a price on any given day are two seperate things. For this issue to trade up to 45 cents in the next month or so would be one heck of a move. There is a pile of paper to move from here to there to say the least. I would be more than pleased if BBI held above 20 cents in the coming weeks as it digests the big move from the teens. Further on in the fall we may see some upward movement as they tie in production and the next well is spud....I do see a chance for 45 cents by year end.....
Nice post. I agree that there is plenty of time to accumulate a position in BBI. I will be adding on the dips. I did sell some today at $0.25 as I also agree that it may move back into the teens at some point. The results of the 4th well are at least 2 months away.