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Bowleven: Bargain Or Breakdown?

By Zak Mir | Saturday 22 June 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Bowleven (BLVN) has been and remains a favourite of mine on the fundamental front. However, with the shares of the oil & gas group languishing around the 63p level and back to the levels seen at the turn of the year, the question that has to be asked is whether we are looking at a breakdown or a buying opportunity?



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