RE:RE:PresentationKramer alot of it is how a person values the 50M or so capex OBE is spending in Q4.
Some of those Crimson wells should produce well for 3 years at least...50 plus barrels of oil a day at year 3.
I think 50M spent on drilling right now by OBE will produce more over the next 3 years then stuff YGR or BNE or even IPO is doing.
OBE is already producing FCF that SGY, BNE and others hope to be doing by Q2 2022.
As long as OBE stays ahead of the curve we have some awesome times ahead.
Very bullish on OBE.
Kramerkarma wrote:
I agree it was a let down to read. Not bad just like they intentionally made it as bland as possible. The production is from the close date (I think) and put the difference on the deal price for simplicity. I don't know why. The barrels stated in each q don't have these 2400 in them. So like I reverse engineered q4 and you did here q4 post deal is 27k ish boe. I'll repost my estimate. Think there really trying to set up next year . I was most disappointed in debt projection of 409M ... until I realized they just added 16M from this deal . So essentially 428+16 = 444m then down 35M to get back to 409. So essentially 1q to add 2400 boe ... normally that takes 6m and 51M capex (q1 +q2) . It was a crazy good deal. But they probably don't want the stock to move so they don't scare investors with the bonus and miss their guidance.