Found my way to BPH because I was researching oil stocks and then saw BUY's Advent / PEP11 project.
This recent oil price drop is capitulation and the Saudis and Russians are just posturing before a deal.
Oil at $15/bl will ruin many countries balances sheets and create wars. There will be negotiations very soon.
Why over produce when you can mediate and get it back to a healthy $50-60 or higher
The oil price has rallied 50% in the last week alone.
I went incredibly leveraged long CTX, STO,WOR and couple others last week This will be resolved and oil will be above $40/bl in the next 2 weeks.
Had a good read of their projects over the weekend. BUY have 15% in the well by the looks, BPH has 23% in the holding company with additional wells.
It states they have 4.7TCF of gas at a 50% confidence level. Given how close it is to the mainland and the size of the potential resource this is quite remarkable. How is this only a $3M market cap. I only bought a small amount as I am still trying to work out why this is so cheap.
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Last
2.4¢ |
Change
-0.003(11.1%) |
Mkt cap ! $26.34M |
Open | High | Low | Value | Volume |
2.9¢ | 3.0¢ | 2.4¢ | $545.4K | 20.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 303224 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.5¢ | 1060718 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.024 |
12 | 2970480 | 0.023 |
2 | 1000000 | 0.022 |
10 | 2880348 | 0.021 |
29 | 5590570 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 960718 | 2 |
0.026 | 550000 | 2 |
0.027 | 650000 | 4 |
0.028 | 1016666 | 6 |
0.029 | 2945455 | 4 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
2.4¢ |
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Change
-0.003 ( 7.34 %) |
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Open | High | Low | Volume | ||
2.9¢ | 3.0¢ | 2.4¢ | 18889514 | ||
Last updated 15.56pm 03/05/2024 ? |
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