re: Ann: Bow boosts 2010 gas reserves target ...
Nice to be holding a stock with such underlying strength to outweigh the heavy negatives on the sector.
These negatives though could just be the opportunity BOW needs to expand it's footprint.
Whilst I was pretty harsh on management at the time of the CR, it now appears like a masterstroke, ensuring the exploration program is strongly supported through 2011, and in the event of pushing the ps off balance sheet, providing the cash for an expansionary move. The exploration tax credits should help (with the extra govt take now already factored in imho).
The best positioned csg coy wrt to market cap atm imho. Compare our resource potential with AOE's much touted 70tcf gross resource, which on an equity basis reduces to about twice ours for a ten times greater market cap. Sure AOE is much more advanced. [I hold both].
EL
BOW Price at posting:
$1.26 Sentiment: LT Buy Disclosure: Held
