Strength or weakness?So with earnings coming out, 3rd quarter won't be strong, we know where production is per monthly newsletters. So will expectations be too high or tempered.
I believe a lot of new wells are going to come online soon, egress issues hopefully won't be an issue and maybe some news on Cascades startup.
Once production gets past 110,000 boe'd consistently the company should be in more positive territory going forward.
It is still the case that one drilling rig is able to keep up with production declines?
BNE down 13%, PIPE down 22% so just treading water no matter how good things are going is not really what shareholders are looking for.
In the end shareholders want growth and gains in share price.
All the others are good, divs, share buybacks, debt repayment.
Just bought a 1000 at $12.79, hopefully it will be a reasonable price longer term.