Where we a we going with valuations $10+++ Not so long-ago flowing barrel metrics were the yardstick for peer group valuation(with M&A) and we see with TVE acquisitions(Surge Provost/Nipisi) paying $48,000 flowing bbl that the market has really started to thaw. I could envision by the start of 2022 valuation metrics in this range could become the norm. My modelling suggests in 2022 BNE production should be near 14,000 BOED with a big chunk of debt paid down over 2021/22 period. Based on approx. $50,000 flowing bbl BNE's share price would be $10+++ and I venture after a year of $65-$70 oil these market valuations would be normalized throughout the sector.
A once in a lifetime opportunity in energy happens to be in our lifetime many shellshocked former energy & generalist investors are still unaware.