RE:RE:Just a question of the date bandit69 wrote: TheRexmember wrote: A price crash, followed by the pipeline bottlenecks disaster, made worse by Transcanada's idiotic construction schedule destroying nat gas prices, followed by 2 years of a pandemic. It reads like a bad novel.
We finally come out of that and general market sentiment hits the toilet.
that is a lot of negative news baked in the last few years.
BNE production is up to near long term numbers, there has been zero dilution, debt is dropping like a rock to below pre pandemic numbers and oil prices are still over 100.00
we just had an interim update that forecast a paid off bank line by November- in March they thought we would still owe 80 million on it exiting 2022.
Management is getting it done, we are on plan for a big ROC as soon as it's practical. Like the bandit says, it would be nice to hear them discuss it- but that has not been their way of doing business.
Agree on most of your points except the dilution and the lack of communication comments.
Since January 1 2021 there have been over 2.1million shares issued from exercising of options. That's dilution and goes back to my points of options writing for poor performance. You've been diluted, others have pocketed cheap shares.
as of January 31 2021 - 33,511,316 shares outstanding
as of March 31 2022 - 35,647,617 shares outstanding
+ 2,136,301 shares since January 31 2021.
Along with cheap options exercising they issued 1,187,000 flow through shares, issued shares for subordinated debt and warrants were also exercised. That's called dilution. All transactions can be seen on SEDI.
I wish there was a delete or edit function here. I wrote that previous post poorly. As you can see in my writing above, the newly issued shares were not all options exercising but were a combination of options, warrants, flow through shares and shares issued for subordinated debt not solely options exercising.
Regardless, it's still over 2.1MM shares of dilution.