RE:RE:Q2 Production & HedgesThree posts in 15 mins that are all speculation and/or calling into question Bonterra numbers that are (for anyone who takes the time to even the most cursory research) in plain sight.
Unlike certain other companies (and there cheerleaders) Bonterra has a reputation for letting results speak for themselves. Q2 is days away from ending, and the accounting is a month trailing. We will see what the Q2 exit numbers are when they come out and, I am sure, an improvement in the projection for year end and 2022 numbers based on the reality when these are reported. That Bonterra, having carefully managed NOT giving away product during the price drought is rapidly growing this to maximize cash flow on much higher paybacks is, I would think, very positive. In contrast, OBE pumped flat out at low prices and is only forecasting a return to pre-crisis production sometime in 2022. A quick check of the new wells data shows that, for all OBE’s plans, in the past twelve months they only have 22 wells on the books; only (and I am glad that I checked before typing) 16 spudded – 12 of them today just today!. Only four have made it to production in the past year. This bodes well for the future (if, as you point out, commodity prices stay at or above their current values), but at this point that is still a bet; don’t count all the chickens as hens just yet.
Judging by your blizzard of posts, you are one of the few people who have suddenly fallen in love with Obsisidan and that is your (and perhaps Obsidian's) business. In view of that uncritical commitment I can understand your enthusiasm for OBE's fuzzy projections and your rampant speculation based on the higher ends of that. Your credibility would be higher is you were consistent in this approach with the other companies you spend your days posting on. And it begs the question of why you bother bothering with slagging Bonterra.
Rain is ending, coffee pot is dry, and there are better things to do on the last weekend in June. Have a nice day.