Volume is pretty low though so can't really be sure it is shorts that are doing this.
Sentiment: Strong Buy
In addition, BBEP borrowing base won't be re-determined before April 2016 and there is a lot that could change till then.
So, you think it can start going back- up now? Are you also buying? How low do you see it going down, ofcourse, crude has to stay "ok"?
That's what I am thinking and hoping too but continuous drop in PPS is making me think differently.
So, now, you see 2.50 as bottom? I am still holding all of my positions and can hold for a long time unless there is a scare about the bankruptcy which I don't see happening so far.
Any opinions, karen or anyone else?
So, what else is going to be there Karen? Saudis' started cutting oil production so would BBEP survive?