The BPR Sails Have Been TrimmedI've dumped a bit of my BPR position in light of the crash in natgas prices. I believe the current environment will not engender much retail buying of O&G stocks and thus this turkey could have some problems getting financing without severely diluting the current stockholders, even with a stellar geological report.
In retrospect I'd gotten a bit carried away on this one and am selling down to the comfort point, that's all. I'd most recently bought a block of stock at an average cost of around $1.95 and I've almost gotten all of that investment back at this point.
Still very bullish on the company and will probably let the lion's share of my position ride, at least until September.