RE:RE:RE:Prop 2022 Guidance on new 45No Problem. I wanted to do more due diligence on OBE last night as it gives me further confidence to buy with zero restraint
I hope panicky investors that think OBE shouldnt have done this deal just sell and move on.
Obe doesnt need those investors.
Hendrick3 wrote: Thanks for this Kavern. No question this was a good deal. Next year at $80 oil is $5 / share FFO, more than our current stock price as you say.
the current stock issuance has created some play time for shorts and short term investors. In a couple of weeks the reality of a massively undervalued stock will become apparent.
I hear Comments from panicky investors that they should not have done this deal because of the stock price disruption. I think Loukas and the team are focussed on the share price one year from now not the next two weeks. This was a great deal and the value will become apparent very quickly. Impatience is a great enemy of good investing.