BNE vs OBE - cash flow I've looked at the cash flow of both OBE and BNE.
It appears to me that BNE is more profitable than OBE on a per-share basis. OBE moved recently based on going back to Viking to drill for the first time since 2017 and that is entered into some agreements with whitecap.
But I believe BNE has better cash flow and is less risky based on operating metrics. I haven't delved too deeply yet into the remediation of old wells to abandon status but my initial review is that OBE has a bigger obligation.
I own all three stocks OBE, BNE, WCP. But I believe BME is undervalued and should be worth more than the other two… It's just a matter of time to get out from underneath the debt. I believe that that will happen between the end of Q3 and the end of Q4.
I'm expecting that when it renegotiates with the bank in October that some of the restrictions should disappear if the market stays in its current condition with oil above $100