...Well, today is one year I'm holding BKP. I could sell it when it was at 3c and walk away with a lot of money (for me :-)) but I didn't .. because I'm following a strategy ...Someone told me that before buy a share you should have already a strategy about how to manage it .. otherwise it's better play that money at the casino .. at least you have fun.. :-)
My strategy on this share is to see if there is oil or not. It could be a big loss or a massive gain that could change my life.
After listening the conference and after reading the latest PFC news saying that they are looking for a second frac crew to speed up the operation I was very pleased. This meas even them are "impatient" to see the result.. and ready to spend more money to see it - I assume that engage to teams and make them work in parallel it's more expensive that have one crew working in series...everything it's doubled plus engage a crew at the last moment won't be cheap either.And without enough confidence no one will be ready to spend more money.
It made me more and more and more confident about my strategy.
Another good point is that PFC will acquire new seismic data also for EP128 at the end of the operation they will remain with 15 million ... They are spending 30 million!
During this year, I understood that this project needs a lot of time and I need a lot of patient.
I hope won't happen, but in the event they have to stop the operation for bad weather that's ok.. 4 months it's not a big difference on a project of this size. If they will achieve commercial flow I'm expecting they will need at least a couple of years to drill others wells and to start having a decent production.. so not planning to sell my share soon in case of success :-) ... and probably in 4 months all this BullS about Europe will be over and a positive news will have a much higher impact (also a negative news will be less destructive)
In the mean time I'll try to enjoin my life, I'll work ,I'll read Hotcopper, I'll try to discover another BKP, everything as usual till the day I'll read a BKP news that will tell me ... you are rich!!! :-)
Good luck to us!
Ditomagico
...Well, today is one year I'm holding BKP. I could sell it when...
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Last
3.6¢ |
Change
-0.004(10.0%) |
Mkt cap ! $20.80M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.5¢ | $35.84K | 995.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 510000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 398579 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CND (ASX) Chart |