Agree, a lot of annoyed people who missed out posting here, people that wouldn't buy in the forties last week because it would retrace to the low 30's.
People that retell it's previous rise and fall. But these conveniently forget the BOW game has changed. BOW isn't about the piddly DJ field now, it's about the new game changer permits. Not suprised it fell back to reality last time.
Also they are forgetting the wall of PES money looking for the last chance (might be) to make money on prospective turf, vs the long slow boring ride with a csg producer, or a gamble on NSW or Galilee.
All that said, I sold 15% at 62 yesterday, runs been pretty good, might/might not get them back lower. Either way I will feel a winner (as opposed to a loser missing PES's rise after holding early). BOW won't do a PES, but I do see a 3 digit sp in my crystal ball.
EL
BOW Price at posting:
57.7¢ Sentiment: LT Buy Disclosure: Held
