BPC, as i see it19 Nov 2020 09:19
Hi All
Just had a look at the article and it seems nothing but just a group of activists trying to stroke fears among investors, nothing else. I was CERP investor but didn't get involved with BPC as I didn't like the risk profile but having said that, it is true BPC project has higher risk but also higher reward. If I understand it right, the drill is planned to start around mid December so expect a rapid rise towards that date. This dip was unexpected in my view which means very likely people who missed the boat creating artificial panic to get in low. No, I'm not planning to buy any but all I can say is that the SP will bounce back to 3p atleast short term as investors start buying the dip and look for an exit around 3-4p but with luck (if they hit oil) potentially way way more than the current level.
GLA