Flight,
Not every thing is lost my friend.
With the Basker 6 announcemnet that they have tested the flow at over 8000 bopd and BPT owns 30% of that, the price will move up once the market will digest the news.
Also, we do have to consider that the Basker 6 testing is not fully completed as yet and, that there are two more bearing sands zones to be tested before a full evaluation of the well is completed.
The short list has now dropped by approximately 2.2 million shares and all I can come up with, is that some of the shorters have decided to cover before it is too late.
Hence the price movement today, IMO.
Also, as I said many times before someone was accumulating while keeping the lid on the share price. Hence, today's announcement of someone now owning a large chunk of BPT.
Here is hoping that whoever was keeping the lid on the sp, has reached his desired level of ownership and let nature take it's course from now on end.
Buddy
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$1.28 |
Change
-0.005(0.39%) |
Mkt cap ! $2.925B |
Open | High | Low | Value | Volume |
$1.29 | $1.29 | $1.27 | $4.172M | 3.258M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 34600 | $1.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.29 | 308421 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 34600 | 1.275 |
6 | 78102 | 1.270 |
3 | 102112 | 1.265 |
5 | 32171 | 1.260 |
3 | 105968 | 1.255 |
Price($) | Vol. | No. |
---|---|---|
1.285 | 308421 | 5 |
1.290 | 258761 | 11 |
1.295 | 106331 | 11 |
1.300 | 48058 | 8 |
1.305 | 8813 | 3 |
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