Black Dragon Resource Companies Inc (BDGR)

[snowcrow]

The oil market is up going into Monday, trading at $62.50. Got to say --- it makes me feel better --- that I really did nail where oil is going. I don't think we will ever see cheap oil again or the CERA projection of 30 / barrel, inflation adjusted, for the next 10-years. No, we are much more likely to see $70. Let's hope that BD can actually perform on all the leases they have and not lose any. They will in time be worth more and more. Now, if we just had a maneagement team with BD's best interest at heart.

I rather believe some type of sale / merger is in BD's future. If you begin with the assumption that there is value here, and that BD for a variety of reasons can't deliver on that value, then it makes sense that they would look for someone that could.