/biz/ - Business & Finance

Anonymous Mon Feb 8 23:03:39 2021 No.28160434 [View]
File: 1.14 MB, 1276x720, JustShingo.png [View same] [iqdb] [saucenao] [google]

> Buy BCEI a few weeks ago when it was trading roughly at the fair value of its oil reserves for $45 crude oil
> Negligible debt btw
> Acquiring the assets of a near-bankrupt rival with an adjacent property too (turning their bonds into stock so still negligible debt)
> Management has stated that they are open to paying a dividend in the future considering the huge wads of cash they're raking in
> ...
> All it's done since I bought is pump nonstop with regular +6-7% days

Is this what doing good DD feels like bros?

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