Kipper,
I think the old CSG days have returned. Except the price of gas has more than trebled. Companies are desperate for gas. My calculations show this to be worth at least 84 cents and that was before gas prices went up. That figure is based on the sale of Senex's Maizey block a few years ago.
This share will defy the trader's logic and I am sure we will see a few dips. The fundamentals point to one of the biggest re-ratings seen for quite a while. Hardly anyone knows what BUL has to offer. The learned are getting in now.
Just read the latest quarterly slowly and carefully to get an appreciation of what is going on.
DYOR
BUL Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
