RE:Condensate at $93.70Still not going anywhere near $0.50/ps yet??? JDavis, what's going on?
Why did you change your nickname again?
Casperwy17 wrote: Even though Pumpkin Head claims the Saudis are going to pump 2,000,000 bod more to help him win the fall elections (they are not), the price of oil should remain strong, which in turn, means the price for BBI's condensate will remain strong.
Add to that the very high probablility we get a green light for LNG Canada's natural gas export project, and you may begin to understand the level of profitability BBI will have going forward.
And yes, the warrants are slightly undervalued. They are probably the better buy right now, as any acceleration in the share price will be reflected more in the warrants than in the commons themselves. But either one is a buy at these levels.