Who are you going to sell to? There's no market for BUR. Sell a hundred thousand @ 3c? What then?
Yes, the whole thing's been a disappointment really. Five out of five wells - big deal when all they do is pay for the next round of Kugler employment. I'm beginning to loathe that name, lol.
I guess it has kept the Kuglers in profitable work, but could non-technical investors have had any idea of the difficulty of completing a lateral drill, or how fast these things can drop off in their flow rates, or how quickly the natgas market can get saturated, or what a hassle it can be to get drill rigs?
Gee, to have the $75k I threw at stupid BUR and be able to put it into Woodside Petroleum when it bottoms. It's already paying a chunky ff dividend at the current price, and what a fantastic record of earnings and return on equity it's had over a decade. Of course who would ahve thought WPL would fall this far? BUR is like the poor man's energy punt - "WPL and STO etc is too expensive, what's cheap with prospects?" Buying BUR was just falling for a good story. What was I thinking? Get rich quick.
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Last
6.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.924M |
Open | High | Low | Value | Volume |
6.2¢ | 6.6¢ | 6.2¢ | $6.207K | 97.83K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3001 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3001 | 0.066 |
2 | 88818 | 0.062 |
2 | 116393 | 0.061 |
2 | 58333 | 0.060 |
2 | 70000 | 0.059 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 10000 | 1 |
0.095 | 43553 | 1 |
0.100 | 99999 | 1 |
0.110 | 10000 | 1 |
0.120 | 20100 | 2 |
Last trade - 13.34pm 04/10/2024 (20 minute delay) ? |
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