OBE vs Peers
From Nuttall recent post using 100 wti and YE 2023 debt ev to CF average in sector is 2.3x with lowest at 1.3x (CPG). At 100 wti YE 2023 OBE will have 200 million cash and FFO of about $680 million giving it a EV to CF ratio of 0.9x, significantly lower than peers (a ratio of 1.3 would be $13.50 share price and 2.3x would be $22 share price). With this undervalue and large tax pools ($5 share value) I would think would make a very compelling buyout option. Any thoughts that the delay in lining up financing is because they are trying to sell the company without long term debt involved?