the longer this goes on, the better. More time to prove up reserves, work on another deal, work up the appetite of potential bidders as they realise they don't have enough gas for their 3rd train.
Time is on our side. If they want it, they will have to pay up.
I suspect we will get the following:
Reserve upgrade. Announcement of a partnership/investment of sorts Major bidding tension to take all other options off the table.
It might take another couple of months, but who cares? The market could tank to hell for all I care while BOW sits at 1.48-1.55. It just gives me time to buy more and more before the actions kicks off.
Go BOW! 60cents per 3P or bust :)
BOW Price at posting:
$1.51 Sentiment: Buy Disclosure: Held