RE:RE:Debt levelchurchofnutsacc wrote:
Yes, debt was a problem over the past decade. Bonterra, like a lot of other E&Ps, were financing unsustainable dividend programs via debt while waiting for a recovery in oil prices that never materialized. A lot of that debt is only being paid back now.
Yes! you are 100% exactly right regardless of what's said here to the contrary. I've followed the financials of many of the mid small caps for years and wrote about this very topic many times over the years including on BNE. You're bang on with your analysis.