Post by
Flush11 on Nov 07, 2022 4:03pm
For all you Cardium experts
I noticed Kavern had a few BNE wells with decent production on a chart last month.
What do you guys think BNE will do this quarter? They report tomorrow. I own quite a bit after trading out of OBE (yup, genius move lol). Hoping to see a little more delering than YGR delivered but Q3 is typically everyones messiest quarter.
Trading great ahead of the Q3 release tomorrow.
Mystery or history?
Comment by
Flush11 on Nov 07, 2022 4:04pm
oops. hoping to see more deleveraging.
Comment by
cfliesser on Nov 07, 2022 9:25pm
I would argue that the leverage is good at this point. Imagine they stop trying to reduce debt and buy back shares instead. That is what I would do. Imagine 25M in buybacks instead of debt reduction. That is 10% of the shares! So much more impact than reducing debt that amount