I have held BUL for years too . I did some numbers based on the Senex Maizey sale and BUL came out at 84 cents. Australia is under pressure to supply gas. This gets better for BUL by the day.
The CEO bought $1 million recently. That's a serious statement. Especially when you know the industry backwards and were the previous CEO of Santos.
BUL is attracting strengthening interest. What they need is a contract. And if they got approval for the pipeline, watch out. That is not going to happen overnight but a contract to supply gas might.
BUL Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
