RE:Amazing valueHendrick..have you gotten a sense on when OBE's management will get the refinancing done?
With commodity prices so high and the ability to hedge...would make more sense for OBE to wait until April/May of 2022 to get a smaller syndicated credit faculity then do extensions this fall.
Paying the USA secured notes first makes sense obviously.
I couldnt see OBE needing a total bank faculty of more then 350M after Nov 2022...prudent to have a cushion and OBE should easily have this with a very low debt level by Nov 2022. 350M should be plenty by then.
I am sure OBE's management must be recrunching 2022 models. Higher prices need to be shown.
They need to show 2022 numbers with 75 or 80 dollar oil in the investor presentation. I believe the numbers will look very stellar.
I agree patience, I am sure management is working on the numbers.
I had alittle cash from closing NG short and I was torn between diversfying and adding intiial position in YGR or more OBE. When OBE is under 4.80 it isnt even anything to think about...went OBE obviously.
OBE risk/reward is dynamite. Steady as she goes but wow are things shaping up nicely.
OBE's Q4 should be off the charts....as well as showing solid Q3....