Rampers (up or down) tend to come and go when it suits them - after they have achieved their short term goals.
Some posters here (Chris, Bhutos, Occam, Yatchy & others) - have been long term believers - they have posted here through the dark days of the SP heading towards $1.20 and right now they have very good reasons to want to share their enthusiasm. Call me naive - but I won't call anyone of them rampers (those with no good intent).
BRU is the only oiler I have - I can see a combination of excellent management, current cash flows and serious upside potential in its shale gas/condensate. Yes - we are yet to determine commerciality BUT every step of the way have been most encouraging. BRU with work done to date is past the pure "blue sky" stage. Why would Apache (among others) put in not insubstantial dollars to play - just one major who believe in the "blue sky" and they are not even in the premium areas IMO.
There are still risks obviously - BRU would be trading much higher otherwise. Can I see $2, $5 over a 2-year time frame. Most definitely a possibility. Can I see $10? Well, for now I'd just concern myself with the $5 price target.
U3 coming in would be fantastic but it is still only one small step forward (or backward) in potentially a very rewarding long journey on the good ship BURU!
I am on board. Keep posting guys/gals.
BRU Price at posting:
$1.95 Sentiment: LT Buy Disclosure: Held
