Banter and General Comments .. BRK, page-1435

The share price action on this stock is frustrating to say the least.

With Brent flirting with $80/barrel, Jewel a gusher and Rangers about to be spudded we are sitting at the same levels as we were with Brent at $60/barrel and Jewel about to be spudded.

Heck even the oil majors (Woodside and Santos) are reacting favourably to the bullish oil prices. BRK being a micro cap should have much more upside given the current macroeconomic environment.

I know the recent cap raise and free options are partly responsible for this predicament however I was hoping that high oil prices and the strong fundamentals of the company will offset this dilution.

Even a $100/barrel Brent might not do much for the share price the way things are tracking. I hope I am wrong but I have resigned to the fact that the next leg up will be with Rangers flowing and Flames about to be spudded subject to no further cap raises accompanied by a plethora of free options.