With multiply NPV in the late $1,70's - $1.80’s and the realisation that energy is now more expensive i.e. Arab countries need $90 PB for oil to break even, together with the serious risk in the mid-east and the well published need for coal, a company like BND must go up again.
Well today BND made a new high which has confirmed the higher low, this is very bullish, and the volume was the highest since August 2011.
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