I wonder how long it will take the punters to realise that BKP is one of the few (only?) shale plays yet to move.
Even the CTP buy rec today talks about Petro Frontier (BKP's joint venture partner).... but fails to mention BKP.
One would think with a 25% free carry into huge Shale acerage, it is only a matter of time before this follows the KEY/OBL/BRU/NWE etc re-rate.
At 939,000 acres, it would be fair to say any re-rate would be substancial.
one of the few shale plays yet to move
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