RE:RE:Why is this thing dropping?EXACTLY!! Three months ago today the stock closed at 41 cents. So it is up about 22% in three months.. NOTHING goes straight up. An institution wants in and the stock goes up a lot...someone wants to sell, it drops.
NOTHING has changed from then except the story is better. We are closer to cash flow. Certainly there is drilling risk. However, I daresay the Encana presentation gives me a lot of confidence that our land position can and wl be developed to a point where a larger company buys BB at a good price...My best estimate is 1.50-2 a share after about 6-10 more wells assuming 90% success rates