Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: isopatch who wrote (89651)	4/3/2001 11:30:05 PM
From: Ed Ajootian	Read Replies (2) of 95453

BPR.V, CBM Hype Play. This thread is getting way too heavy and we need some levity. How about a good ol' fashioned Canadian resource stock hype play? BPI Industries (BPR on the VSE) is about to announce a new development in their coalbed methane ("CBM") project in Illinois. The stock has been moving up steadily for the last few weeks in anticipation of this announcement, from about C$1.80 to C$2.50. I believe that a CBM project is a perfect setting for a hype play. The key is that with a CBM project you have such long lead times to development that you can hype the hell out of your project without worrying about reality rearing its ugly head to interupt your dream. There is plenty of time to get studies done by petroleum engineers, newsletter writers to write you up, etc., all without worry about having some bad news come out to dampen your investors' spirits. This project will have some huge figures mentioned in connection with it -- try a quarter TCF of gas gross. The stock should move considerably higher than the current quote when this hype gets promulgated. I liken this play to the Ultra Petroleum Green River Basin play. Suggestion is to wait for the actual release on the new mineral leases (which should be any day now) and then buy like crazy. Then sit back and watch the hype, and dribble your shares back in the market at your pleasure. But just be sure to have gotten your investment out by the time they are actually ready to do any drilling. This company has had a storied past, which has kept the stock from going up even more than it has in the last 6 months. For a good history of what folks went through on this you may want to check out the SI thread on BPR starting about 3 years ago. There has been almost a 100% turnover in management in the last coupla years.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next