RE:Buy ! I sure hope so.
nice to see oil prices 10.00 higher this quarter. That should move free cash flow 20 million higher for the year.
I like PNE too, traded it a few times and kept a smaller position for the dividend. They are a much more interesting company when they are doing M and A. Would also like them a lot more with a few thousand additional barrels of liquids production though - just enough to fully fund all capex and a
half of the dividend. Either way it's hard to beat a 7% decline rate. Their time will come with LNG line fill.
BNE is still my top holding although TNZ could pass it if Tony keeps nailing new deals.