RE:Might be time to revisit a OBE/BNE merger... Mrmomo why do you think OBE needs to improve offer then or OBE has any desire to make a lucarative now.
If I was in obe's shoes I wouldnt offer BNE a 1 for 1...OBE can wait BNE out.
Why should OBE bail BNE shareholders out?
If I was in Obe' shoes I would wait BNE out until BNE is 4 dollars and offer 0.5 share of an OBE for a BNE.
A 1 for 1 deal would be insane for OBE to do at the current outlook for each company.
OBE would need to get BNE at a very cheap price in order to make taking on BNE's debt worth it.
OBE has a feasible 5 year outlook without BNE but what is BNE's lol? Keep drilling 40 wells a year on the same land base in Cardium.
I agree with you that BNE has to do some kind of merger or be bought...but so does Inplay, Entrada, etc.
OBE is in an amazing spot to wait everyone out and bottom feed when others are desperate.
OBE is running 4 rigs right now...they are not small compared to BNE.
OBE is operating like a legit mid sized oil and gas explorer.