If you have watched the movie the Big Short - then you will know that many of the experts get caught up in the short term chatter and information overload. If you step back and have a quiet look you will see the terms of trade that the USA has - and the EU (ie BAD), historic low interest, no jobs being created and huge debt. Currently the ship is sailing in one direction - slowly but steady. The financial issues are like a slow speed crash a bit like a glacier pushing forwards. BDR should take some good tail winds from this - however they are not relying on that - the FA which they control ie costs, production and exploration are going to provide growth anyway. If nothing else an interesting 12 months in front of us.
BDR Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
