re: Ann: Bow Achieves Major Reserves Upgrade ...
Paddle,
Indeed we got one.
I suspect when the upgrade is digested people will realise the implications of a company that has achieved so much so quickly, yet done little more than scratch the earth, progressing the resource in one seam, in one prospect, in one permit.
A lot of people still gonna make a lot of money holding this one through progress to 2P, through 3P growth, through other prospects in the permit, and hopefully through the Norwich permit. Unlikely to be a ten bagger left in it imho, but a 2 to 5 bagger not hard to imagine.
Sure there will be some crumbs in it for the traders (if they've moved beyond virtual shares and making their calls retrospective and)if they get it right more often than not, but the real winners will not be the folk that get to gloat that they got their sell 2 cents below the days closing price.
I do wish I'd bought more at 80 cents, this progress is extraordinary. Added over 60 mmboe today. Based on mc it's like WPL adding 70 tcf. Imho we could be looking a new high pretty soon.
EL
BOW Price at posting:
$1.29 Sentiment: LT Buy Disclosure: Held
