Bonterra Energy Corp T.BNE

An offer they CAN'T refuse......

[mrmomo]

Well, can't say i "didn't tell you so". It was inevitable where Bonterra along with it's stock was heading, it was really quite obvious from the start imo. For folks who are either upset or angry of these turn of events, you should really thank the guys at Obsidian, they literally saved your bu$$ from insolvency and eventually BK. Shareholders need to understand that considering the current evironement AND the financial shape Bonterra was in, it was either some situation like Obsidian's offer or creditor protection. No two ways about it. It just astonishes me why some folks here STILL thought (and i believe some still do!!!) that the company has somekind of path forward or still viable. Just crazy talk imo, with folks who are either misinformed, pig headed or just plain ignorant of facts & figures.

Regarding the deal, i just don't know HOW it can be refused. I guess Fink & team could try to stall and draw it out for better terms from Obsidian, but i'm not so sure Obsidian is that desperate. Maybe they are and this could end up being a game of who blinks first, but it could also end up very badly for both. Who knows. If Fink & team think that someone is going to pay more than what Obsidian if offering, they need to get their head examined. No one, and i mean no one except a super big compnay like ConocoP or Shell will pay more then 30K!!!! per flowing barrel. And even then, there must be some incentives or massive synergies for that to actually happen.

The only thing i CAN tell you is this, if i was in their shoes and Obsidian is able to hang on for about a year (which i'm not sure they can or not), i'd let Bonterra go under creditor protection and try my chances of picking up the assets there for a fraction of the amount they're paying now. That's my take on Obsidian's side. For Bonterra, stop being difficult and/or hard headed. Just take the damn deal and salvage what's left of your company before things get a lot worse, maybe ending up in a BAD place. At least with this offer you can save your s/h and they'll have at least a chance to recouver something in the next few years.

Anyways, like said, i hope some of you listened and avoided this predicament. The objective of investing is to avoid potholes like this and invest in growth or value to grow your investments over time. Not lose it on predictable & AVOIDABLE situations like Bonterra or sometihng similar.

Good luck to all.

[Tim14235]

I think they are doing exactly that......trying to "draw it out"  in the hopes of better offer or macro oil recovery.   There assumption is that the BDC loan does just that, gives them another year.   I feel like it is the banks job to tell them who the real stakeholder is in this company

[ariesleaf]

Take the offer from OBE before the first snow falls.

[Kherson]

Looks like BNE's NR from yesterday got Stephen and Peter spooked over at OBE!  Too funny! Kherson

[jerichoDeer]

are you the same Kherson who said poseidon concepts was "the buy of a lifetime" at $25.00 ?   Regards

[Kherson]

It looks to me like the offer has been refused. Mrmomo, are you still getting paid by Obsidian, or did they cut you loose by now? Kherson