RE:RE:Bonterra Curse (lol).....Ole George put out a BNE 2022 Guidance press release out I see.....
Based on BNE producing 13500 BOE, they are expecting 150CF and 90 FCF at 70 WTI...with only Q1 in 2022 with slightly sh*tty hedges.
Bodes extremely well for Obsidian.
In 2022 we should be looking at 320 CF and 180 FCF as prelim numbesr for OBE. Over double BNE size in 2022.
Well BNE will be more even to OBE on a % basis in 2022 the Q4's in 2021 will be so different.
Those BNE hedges in Q4 2021 will really hamper debt repayment compared to OBE's Q4.
BNe has 2250 at 48.61 WTI hedged in Q4.
Totally agree Rex. PNE and BNE merger so much sense.
And even from an "estate planning perspective" for those insiders.
The independent board members BNE added would be for "indepedent viewpoint" on potential deals involving companies with an insider relationship.
PNE would give BNE the added juice for quicker repayment.
BNE is 1 year behind it's competitors due to that hedging in 2021.
TheRexmember wrote: Hilarious. I own them all, plus a decent amount of YGR and PIPE. My Surge buy is looking a bit weak though.
still say BNE should just buy PNE. Near zero decline, near zero debt in 3 months at PNE. It would deleverage the balance sheet and add 50 million in free cash flow at 3.75 gas. They both have some wells to abandon otherwise good operators. Gas might not be king right now but it will surely be the queen as we get closer to LNG Canada opening.