RE:BNE - 2022 Funds Very happy with the progress in the last 6 months.
Production growth has been great this year, costs are under control, well abandonments are moving quickly and that will make a huge difference to their bankers. They are trading at 60% of next years free cash flow whcich would be by far the cheapest valuation of any mid cap oil producer. If they pay down almost 100 million of debt that means 2.00 per share in balance sheet improvement over the next 12 months alone.
This should be a 15.00 stock over the next 12-15 months.