Post by
sureshotz on Dec 16, 2011 9:52am
Buy
I added some.
If this well is better then Spring Coulee which Yanko has stated then there is nothing to worry about.
I think the tough talk (LEG has option to bail) is due to the fact LEG may have some interest in two divestures near Del Bonita.
Looks like a huge buying opporunity here - I would wager an easy double before end of Jan
Comment by
sureshotz on Dec 16, 2011 12:02pm
Honestly, think about it, why would LEG spend a ton of dough on testing these wells to optimize completion if they thought the play was junk. Furthermore, why would they commit to 3D if that was the case as well. I bet this well comes out of the gates at over 400 BOE PER DAY. Watch and learn kiddies. I smell cake.
Comment by
stubble63 on Dec 16, 2011 12:17pm
And the cake will be tasty, once the news that a privately owned junior just north of the reserve has hit 3 wells that they can't produce because of the huge volumes hits the market, guaranteed that LEG won't be bailing anytime soon and will make BWD very inviting. I've doubled my position as of ystdy.
Comment by
swerv on Dec 16, 2011 2:00pm
Why are they unable to produce with the huge volumes? Where is this information on the three wells?Just want a little more clarification!Thanks in advance!Swerv
Comment by
sureshotz on Dec 16, 2011 2:43pm
This is unrelated to what stubble wrote ( I think) but I am aware that a certain company in the vicinity of the Kipp well recently has received approval for a 465 BOEPD Facility.
Comment by
sureshotz on Dec 16, 2011 4:27pm
What you think clearly depends on what you have experienced as an investor. My two cents: the shares out number is not a big deal as BWD has a very very material resource (if they can prove up) and the ~80mm of the shares are somewhat concentrated between two investment dealer who are likely long term shareholders.
Comment by
Pandora on Dec 16, 2011 6:51pm
It's good for the ignore button.