I notice most of the down rampers come out of the woodwork on these pullbacks. I guess it's best for them to save the effort until they are looking for a re-entry and when the scared are most prone to hesitate buying or to exit.
Still a lot of PES/QGC money looking for a home I suspect. Not sure where the support is, but I suspect that even short term there is more upside than dowside risk. Then for the more patient lets see what the drilling brings, but imho there"ll be enough reserves found to much more than support the current sp. You don't bid over $70mm of exploration work to find a few hundred bcf.
EL
BOW Price at posting:
$1.16 Sentiment: LT Buy Disclosure: Held
