Heads Up

BEXP is doing a secondary today to raise capital. They are going to use the capital to accelerate CL drilling on their sizeable Bakken asset base. IMHO buying the decline on the secondary either today or tomorrow is a great entry. I am assuming that CL prices stay above 70 or so for a couple years in my assessment. BEXP is my favorite play and I'm long. I'll likely be adding on the secondary sometime this week. BEXP has the assets to dramatically grow CL production over the next 5 years.