RE:RE:Trading this weekI don’t discount the challenges that Bonterra has in front of it, and you are entitled to your own choice of metrics and opinion, but from public info (Reuters reports dated 26 Sep; data from 30 Jun):
Market cap: OBE: $38.96M ; BNE $38.40M
Earnings per share: OBE $(10.79); BNE $.09
Cash flow/share: OBE $(7.42); BNE $2.78
Operating margin (189.92%); BNE 11.25%
Net profit margin OBE (203.62%); BNE 1.57%
Debt to equity (higher better): OBE .53; BNE .58
Return on Equity: OBE (53.24%); BNE 0.60%
Return on Assets: OBE (34.61%); BNE 0.27%
Return on Investment: OBE (41.90%); BNE 0.28%
OBE has production volumes (25,872 BOE) two and half times those of BNE (10,181 BOE); although OBE used almost five times as many employees to achieve this (OBE 184 vs BNE 38). Bonterra has long serving, highly committed management, while Obsidian has been in turmoil and is currently under interim arrangements.
The first half of 2020 was a very tough time; the third quarter numbers will reset these comparisons.
Numbers can tell us a lot, but people are important too. I don’t see what you say you see in these numbers (quite the reverse) and I suspect that “the banks” put more weight on Bonterra’s management then you are willing to see.
The market is not much of a market these days; politics and general uncertainty weigh heavily and volume is too low to read too much into it on any given day. The mass hysteria that government is subjecting us to; the US election; and the demand/supply/price of oil; way to much cheap money looking for any (safe) return; you name it. A few are trading but very few are investing.