RE:RE:M&A Activity Heating UPPennydredful, you haven't gotten any thumbs up for your post so what does that tell you. Also you must be:
A) A burned penn west investor
B) A bonterra and fink lover who is pissed fink didn't take the deal. What a colossal mistake on this part.
C) A short
D) A dinosaur in the old boys canadian club who doesn't like to be challenged. Baby boomers suck! Look at the mess they have put the world in.
E) All of the above
So what if I just joined Stockhouse. My comments are irrelevant because of it? Pretty damn ignorant on your part. I'll tell you how we get to $25. Within 6 weeks, we get a refinancing. Loukas stressed it in the press release so it's a done deal. That overhang lifts restrictions so we jump to $11-14. Loukas announces stellar clearwater PROP drilling results for q2. Every north american producer covets these assets. Loukas announces a dividend and this takes us to $14-17 bucks. The Ukraine situation gets worse and oil goes higher and Loukas locks in oil prices at $120+ for 2nd half 2022 and full year 2023. Company projections show that OBE can pay back entire debt in 2023. M&A activity picks up big time later this year because investors don't want to miss out. ESG gets thrown to the sidelines. Buffett just made Chevron Berkshire's number 4 holding. Pretty big deal so energy is getting really noticed bc of it and I expect a major rotation from tech to yield paying energy this quarter. Also, remember OBE only has 82m shares outstanding. It can become a high dividend yield stock pretty easily.