RE:RE:RE:Nice MoveMost O&G companies seem to be announcing a plan for some combination of buybacks and dividends once debt is under control. With our float, we don't need buybacks. Lots of names out there have an outrageous float.
One thing that doesn't get talked about is the differential. I believe Bonterra's guidance in December assumed a differential of $4 - however that is under $2 at the moment and is expected to stay well under $4 for a while. Hopefully I'm reading this correctly, maybe someone else can confirm.
If Bonterra can maintain its stated production guidance, then it seems they will blow past expectations for Q1, Q4 and beyond. The stock will rerate because of that. I have no problem waiting 2 extra quarters for dividends.