RE:RE:There you have it BanditSadieLadyCO wrote: One more think Bonettera has a lot of properties, Really Really good OIL properties. Any buyout by someone will be very very exspensive. I value the sale at about $22.00+ a share.
They have great reserves, yes, I agree. At $60k/flowing BOE it puts a price of about $22, yes. The changing of the guard is a start and I would speculate the guard change will continue.
I still prefer a sale vs continuing to operate. The feds are coming with more reg's to constrict the industry even more if these reg's are enacted. With commodity prices at a nice level, and said reg's coming, it is a perfect time to exit/sell the company in my opinion. Producers can't just pay dividends (as lovely as they are) indefinitely and not replace reserves or eventually they'll run out of reserves.
Interesting times to say the least.