RE:RE:RE:Jdavis and Lucas have both been correct in their assertionsFirst off, there have been no mixed messages at all. I did post that i always expected a move up in March when the production results and quarterlies start to filter in. Listed companies on the venture exchange move on newsflow and catalysts. The previous rerate was on a culmination of positive drilling results + market promotion + analysts interpretations.
Let me be straight. BBI is one of my favorite stocks and i do intend to get back in. Their acreage is top of the line and it is starting to show its potential. However, i need to look at their cash positions before dipping my toes in again. Stage Completions looks to have sorted their operational capabilities but the general market's volatility is what is keeping me awake at night. Nothing to do with BBI's potential.
I am ready to purchase below $0.40/ps once i get a handle on their balance sheets and strategy moving forward. It will definitely be on my portfolio in 2018 - as i had indicated last year in posts.