RE:All Oil Companies are undervaluedI think their is a difference in being positive and being realistic. I try to be realistic and I come off rude because I use real money and I try be realistic. I questioned the sh*t out of even the stocks I own.
I wish I shared your bullish view of on all the cardium publicly traded Cardoum players.
I think 2020 will be difficult year for OBE, BNE and IPO (to some extent).
OBE, BNE, IPO and YGR don't have near equal balancesheets....YGR has a way way way stronger balancesheet...look at the numbers.
YGR is the only one with Accounts Receivable remotely close to the Accounts payable....
I pay attention so very closely to BNE, OBE, and IPO as if they start to fail...I will be concerned as a YGR share holder.
When OBE had their bank line reduced...they basically got reduced by the amount they will FCF this year.
Is the bank going to do the same to BNE? That is a serious question.
I think part of OBE's tank in share price is due to this...even though this was released on March 26th....could explain OBE at 1.50 right now instead of 1.80-2 bucks.
Right here: "
The company's revolving credit facility will have a one-time adjustment to reduce its undrawn availability to $35-million at Dec. 31, 2021. BNE has 252M of bank debt that has a June Review. Right now this is all sitting in current liabilties. They used 17M in Feb on their BDC maxing that out...this allowed them to pay for their capex in Q1.
Is the bank going to start reducing that bank line by the amounts they free cashfllow? Or does this start in 2022...hence the forecasted drop in the amount of wells drilled in 2022....
I mean I would assume the bank has approved the yearly BNE capex for 2021 so does the review in June then potenitally hits 2022....interesting unkowns here and do not discuss them doesnt mean it is not real questions and concerns...
If the improved price decks didnt help OBE then how will they help BNE in June?
Hendrick3 wrote: The conversations on this Board seem to get snarky very quickly. There is not one Canadian oil company trading today that is fully valued. All of the Cardium players including YGR, IPO, BNE and OBE are all raking in cash at these prices and paying down debt. While it is true that there are differences in the profiles of the companies, it would be just lovely if we could keep those comments to the facts without bashing each other's companies. If we stick to facts we might actually learn something from each other and get rich together. There is no question that Cardium players have the best margins and payback periods in the industry. At current prices all of these will be tripled in due course. Enjoy the ride, be happy for each other's success and be friendly. When we are all rich it will be nice to have some rich friends to share our success.
And yes I will check my future submissions to stay with facts and to stay positive in my analysis.