Post by
Rational43 on Nov 22, 2021 2:24pm
Too Cheap to Pass on
Added some OBE today, its trading way too cheap, and I think its getting ready for a big move over the next six months.
BMO has it one of the cheapest names on Market Cap to Free cash flow for '22.
Comment by
Hendrick3 on Nov 22, 2021 2:35pm
As soon as the surplus shares issued find a long term home, this will be a rocket. Could not believe you could buy as much as you wanted under $4.40, the oversubscribed issue price.
Comment by
kavern23 on Nov 22, 2021 3:18pm
I agree, it was pretty crazy seeing the market depth earlier and all the shares under 4.40. Was nice to see Altacorp on buy side today. They started at in low 4.40's. Never really seen Altacorp on buy side with OBE. The push to 5 bucks plus will be on as soon as loose shares are gone.
Comment by
Goldenwest on Nov 22, 2021 3:18pm
Any chance you're able to share/link to the BMO list?
Comment by
Rational43 on Nov 22, 2021 3:45pm
You'd have to look up Eric Nuttall's Twitter feed, he has the whole list. I agree with most of BMO's analysis, but they definitely overestimate the cash flow from Bonterra and underestimate the cash flow from Athabasca The other names all seem about right based on what I calculate.
Comment by
Kramerkarma on Nov 23, 2021 1:27am
think there is cheaper in store for us.... sorry and yes I was buying last week ... just don't think it's peak fear yet...
Comment by
Mickey2 on Nov 23, 2021 6:50am
I agree...i see crude oil futures drop to about $72 a barrel...In essence, i'm waiting to pickup OBE in the low $4's
Comment by
Mickey2 on Nov 23, 2021 7:31am
As i say this, crude oil futures jumps + $1 :)
Comment by
Kramerkarma on Nov 23, 2021 11:28am
still not adding .... I'll be all in if I use the rest of my ammo. I'd rather be wrong (and have portfolio up) missed a bit of buying than be all in just yet. Still have to hold some money for tfsa 2022. So I don't have to sell and get taxed to fill it.