RE:RE:RE:RE:Whitecap Imperial DealTheRexmember wrote: I agree. The re-rate should be pretty explosive too. They just need to bring back a large dividend to get the market's attention. They can do so any time over the next six months. Or just announce the future framework.
They were forecasting 165 million in free cash with current hedges plus strip pricing for the balance of the year. We have been well above strip pricing for a full quarter so we should beat that handily.
the company will either be debt free in Q1/Q2 of next year or they will redeploy some cash elsewhere. There is no benefit to zero leverage. We need some debt to operate efficiently.
the irony here remains that Bonterra was the only dividend focussed player in Canada since the income trust model was canceled. They literally were the poster child for the way investment managers want an oil company run for two decades. Eventually this massive wall of cash will reflect on the balance sheet. And that will either refect in the stock price or in a ridiculous dividend yield.
"I agree the rerate should be pretty explosive too."
BNE shareprice at the time of this post. $ 9.21
Current BNE shareprice 1.5 years later. $6.26
"Explosive" ha ha ha
"The company will be net debt free in either Q1/Q2 next year or they will redeploy some cash elsewhere. "
Here we are a year after when this was predicted with aprox. $140 million in net debt.
Poor hapless sap has he ever gotten one thing right?