Seems to have something to do with future reports on the production decline and worry that it may be overvalued.
Talk of this pushed the trading and sell off up 20 fold..
There is a problem valuing future production and value.
I am still long on BPT.. If today is an indication , it should bounce back..
At 9% , it is a big payer, but also can go sideways quickly..
I use it as a small play in my mix, but I will hang on to it.
When it went down, the sell off accelerated, causing it to drop further..
Seeking Alpha has some info, and look up "blood in the bay".
__________________
Luck is the meeting of preparation and opportunity
Pro Touring 71 Z/28 in training
Soon to be crazy
|