There are not many good "little" gas plays like BUL that buyers (and the big majors) can choose from... And BUL is a GOODIE ... Given the press currently to the gas crisis in this country and the fact the problem will not go away with a "quick fix" solution, this stock is likely to be one of the most popular girls at the dance for some time (reminds me of my youth: but that's another story) ...
Chart action like BUL's really loses meaning from a measurement perspective in many ways. The upside potential value of this company in this environment is unknown and could be many multiple times higher than it is currently - so how do you "read" its chart. Given it's now showing lots of profit to many buyers, profit taking will occur along the way so up and down etc. etc. But in this environment one has to anticipate the trend will continue up and could continue and surprise us all in due course. The fun of the hunt eh? (sorry, was thinking of my youth again)
Stuart Baker's report gives a good background to the whole story... And elsewhere, as we recall, this stock has been touted as a possible "Disallowed" (when the share price was ~ 8c) ... So there you have it ... Belt up and hang on!!
Kip
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