Bonterra Energy Corp T.BNE

Where we a we going with valuations $10+++

[AliNaimi]

Not so long-ago flowing barrel metrics were the yardstick for peer group valuation(with M&A) and we see with TVE acquisitions(Surge Provost/Nipisi) paying $48,000 flowing bbl that the market has really started to thaw. I could envision by the start of 2022 valuation metrics in this range could become the norm. My modelling suggests in 2022 BNE production should be near 14,000 BOED with a big chunk of debt paid down over 2021/22 period. Based on approx. $50,000 flowing bbl BNE's share price would be $10+++ and I venture after a year of $65-$70 oil these market valuations would be normalized throughout the sector.
 A once in a lifetime opportunity in energy happens to be in our lifetime many shellshocked former energy & generalist investors are still unaware.

[2020oilgamble]

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[kavern23]

The market is not pricing companies to go bankrupt anymore...but you think it has thawed?  HAHAHA....is this amateur hour... Surge also had their debt listed as current liabilties.  They were in a jam.  They sold core assets. You think Surge wanted to sell low decline oil production..on waterflood already? The one reason the bankers even allowed Surge to do this sell is they could

[Hendrick3]

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. 

[kavern23]

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

[GabeMeyer]

kavern23 do you have a orice target for IPO.Any other energy stocks to recommend?

[kavern23]

IPO will be 60 cents sometime in march unless a crash happens.... Ran out of capital yesterday, I wanted the 100000 shares for sale.  Hurts to miss out but I am heavily invested right now. Lots is overvalued right now...I will have some things shortly.

[kavern23]

Looks like my 60 cents call is happening faster then expected...