NT22 - sorry, what's today's oil price go to do with it? We are not a producer... Today's oil price doesn't directly effect BLVN. However, the current state of the oil market does help us on the cost side (i.e. drilling becomes cheaper, lots suppliers with extra capacity, etc.)
with the oil price down so much you can understand it effecting the sector - blvn has held up really well in the last 3 months. risks are we spend the money faster than we find incremental value that's why I think the share price is pausing for breath. we still have plenty of time - oil $ will probably be double in 18 months If we get lucky with a few of the drillings the share price will move up however much the shorter's or possible take over players try to effect the share price. The bottom line is blvn is undervalued with the case getting stronger and stronger for the price to go over a £ and beyond. A great week !! happy to wait 200% gain in a year looks on now!! Its a different ball game now well done BOD and KH
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