re: Ann: BPT joins Sundance in Bakken Shale O... Will watch the outcome of this closely btu from a fundamentals aspect, it would appear to me that Management is goign for the cheaper entry price, high risk plays, basically punting with the dollars they have in the bank.
Reeks of mismanagement, they are (or were) in a strong position, why not look for cheap assets (there are more and more) from companies who cannot raise the capital to explore for real prospects.
I suppose that is how they got control Essential Petroleum however (I suppose) but what are their assets really worth?
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