RE:CIBC take on the Obsidian offerCIBC is likely right as what is the appeal of Bne combined or alone?
Leveraged to the nuts with a OBE combination and they are leveraged if they remain alone.
OBE can't raise money in this market...and they need the freecashflow from the 4000 barrels of low declining old wells BNE has to fund drilling programs.
But what is BNE accomplishing alone? Remember the bankers control when a divy can ever be paid...lol what level of debt do you think bankers what before BNE can ever attempt a divy?
BNE has serious issues whether they combine or stay alone?
The CEO of BNE has a loan to the company? like f*ck