I dont know about a rerating just yet.
It has barely got back half of its recent trace-back.
Once we begin hitting 1.80-2.00, then we can talk about re-ratings.
We all know that should management hit their 2P targets (LOL!) BOW will be worth upwards of 1Bill.
We also know that BOW management do not state targets if they don't feel confident they WILL overachieve against them. This has been their history and I think it will hold.
So 1 bill? or 2 bill for 300mill?
No brainer.
Still a bargain.
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