Drjenner you questioned as to whether BLVN would make any acquisition as you don't recall that as one of their targets. As everyone keeps stating on here no good keeping the money in the bank they need to make the money work for them and their shareholders. To this end, I think you will find they are very much keeping an eye on likely takeover target and will be biding their time to steal the crème de la crème of debt ridden minnows. Is that my opinion or do cash rich BLVN see the current challenging environment as a real opportunity? I suggest you read the last para of the interims for the answer viz.
"The operating and financial environment for E&P companies continues to be very challenging, exacerbated by the recent rapid fall in oil prices. Such a landscape, when coupled with our strengthened balance sheet creates real opportunity which we will continue to evaluate rigorously. At the same time we remain determined and committed to exercise discipline in operational delivery and the choice and timing of our future capital spending
I too took profit form UKOG and Afren but I consider them high risk plays - for short-term or day trading, the former still to prove itself the latter a heap of 'junk'. They are hardly stock you would risk your life saving on. BLVN on other hand has the fundamental of a good stock whose share price will either break-out based on their fundamentals or rise on news of a meagre or takeover. People can have their own opinion and disagree on any point, but anyone with a miniscule of intellectual capacity cannot avoid the question that with more money in bank than market cap, how can the markets value the current assets as zero (0%)
Boyasaka, utter BS regarding UKOG, Yes you mentioned selling BLVN and buying UKOG however that was post RNS and prior to the market opening and the opening price was +250%, what price did you think you bought UKOG at?
Please go away and take boyasaka with you and leave us genuine investors to our Bowleven fantasies as you called it few weeks ago. Why are you still here? You and boyasaki both sold and made millions somewhere else according to your post, so why are you still here?
Not everyone is so talented like you, by the sound of it, you must be a multi- millionaire, a genius. I was so surprised you held on to the blvn shares for three years before you decided to sell and trade other shares and in doing so made all your losses back. You have wasted so much time on blvn, why bother posting here now, just take your mate drjenner with you, and go and play somewhere else.
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