It's funny that all the old supporters of blvn are so quiet these days. Blue eyes, del, colbrooke, le com + others almost like they are all just one person, as when one posts they all seem to post, it's strange that they are so quiet now... Strange
As the share price appears to be held in this range by some trading patterns predicting anything between 29/30 and 31 at the moment is pretty easy. Now there is a long list of institutions who must have paid more than this price for their holdings (along with most PI's). This will move when it is good and ready and I would think the balance of probability is a higher price rather than a lower one. Whilst its possible everyone is wrong and that a company with a large pile of cash in the bank and drilling prospects and a free carry on a large asset will blow it - I would still tend on balance to think that is the least likely outcome here. The low oil price is not helping and you could indeed invest elsewhere. But if you already have a mix in your portfolio sometimes you just have to wait and be patient (the same money in the bank would be doing nothing as well with no prospect of a decent return)! Can't be long now - news will eventually break us out of the doldrums here.
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