Monday, November 28, 2011 5:00:47 PM
ROAOF (BWD.V) Bowood Energy. .2513
News from today, Bowood expects to release the results of 2 of their new wells in the next few days. Spring Coulee and Kipp.
The flow rates look to be positive, or they wouldn't be doing the release. Add to that, the 2 investor conferences over the last month has created enough awareness to spark enough volume to turn the stock bullish. Also, if results are positive, the potential for a buyout increases since all Juniors with positive flow rates get bought out by the Majors.
Now is a good time to enter.
For the price, it's the best deal in the Bakken.
November, 28th, 2011
During the third and the fourth quarter to date, Bowood concluded the drilling and completing of the company's Spring Coulee and Kipp wells, and management is encouraged by the early results from these exploration wells. The Spring Coulee well was recently placed on production, while the Kipp well is currently shut in awaiting production equipment. Bowood anticipates releasing comprehensive results for both wells within the next few days.
IMPORTANT: 2 TICKER SYMBOLS FOR BOWOOD ENERGY. 1 Canadian. 1 American.
For all intents and purposes, I am using ROAOF's parent ticker, which is Canadian, BWD.V, to chart because of accuracy. ROAOF is a mirror of BWD's PPS, minus currency rates, but does not reflect statistics due to fact its mainly a Canadian company and the majority of trading occurs on the Canadian side of things. Trading this way saves us, on the American side, the fees associated with trading a Canadian stock. :)
Candlestick chart BWD.V 6 month
News from today, Bowood expects to release the results of 2 of their new wells in the next few days. Spring Coulee and Kipp.
The flow rates look to be positive, or they wouldn't be doing the release. Add to that, the 2 investor conferences over the last month has created enough awareness to spark enough volume to turn the stock bullish. Also, if results are positive, the potential for a buyout increases since all Juniors with positive flow rates get bought out by the Majors.
Now is a good time to enter.
For the price, it's the best deal in the Bakken.
November, 28th, 2011
During the third and the fourth quarter to date, Bowood concluded the drilling and completing of the company's Spring Coulee and Kipp wells, and management is encouraged by the early results from these exploration wells. The Spring Coulee well was recently placed on production, while the Kipp well is currently shut in awaiting production equipment. Bowood anticipates releasing comprehensive results for both wells within the next few days.
IMPORTANT: 2 TICKER SYMBOLS FOR BOWOOD ENERGY. 1 Canadian. 1 American.
For all intents and purposes, I am using ROAOF's parent ticker, which is Canadian, BWD.V, to chart because of accuracy. ROAOF is a mirror of BWD's PPS, minus currency rates, but does not reflect statistics due to fact its mainly a Canadian company and the majority of trading occurs on the Canadian side of things. Trading this way saves us, on the American side, the fees associated with trading a Canadian stock. :)
Candlestick chart BWD.V 6 month
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