RE:RE:Where we a we going with valuations $10+++I am bullish on oil and gas stocks too.
I own IPO as well, and IPO also ended Q3 with all the debt as a current liabilties. Probably, one of the reasons IPO stock price is still depressed as the market is waiting until it isn't. I can't wait until IPO has this moved from current to long term.
Debt classified as current liablities scares the sh*t out of people with a finance background.
Cardinal energy rushed in the fall to get their debt removed from current liabilties and look at CJ's recovery in share price.
What insitution is going to want to touch companies with massive current liablities....
Surge went up after their deleverage.
I do think BNE could move to 5-6 bucks by end of 2021 if they could get a 80-100 M capital injection to the balancesheet.
Hendrick3 wrote: I agree with your assessment and if you plug in $50,000 per flowing barrel to OBE and IPO, OBE would be $11 and IPO would be $3.50. Some would say it's a dream that will never come true but these companies are very beaten down.