RE:Thoughts on Cardium's companies Q3's....Agree with your most of your points here. Something about OBE really rubs me the wrong the way, it started with how SL assumed Fink would cave. OBE acted poorly during that time and it put them in a bad light. Then the never ending bonuses for managment. I wouldn't surprize me that a number of the CDN ceos don't really want to deal with OBE or see them succeed. Even though I tend to agree with you that M and A, is probably on the downslope. As a YGR shareholder, really that is ok with me as YGR was probably just as likley to be an aquirer rather than aquired. I have been part of way too many mergers that destroyed the stocks I was holding, I was too young, naive and caught up in the bullsh*t to see the light... It is now an immediate and certain rule. I will sell that very day on any merger.
I only own 2 stocks 95% weight on YGR 5% BNE. Using past experinces both good and bad is all I have, and my confidence is at an all time high, which is terrifying. I guess what I am saying as I have put the time in. That in no way makes me deserving of anything at all. BUT if I can get this right this time I will walk away from this game forever. Maybe some of you guys understand this, or are affected by this- it is consuming and somewhat tiring. I don't think the average Joe has any idea truly and certainly it isn't a topic that can be discussed with anyone I know.
YGR target $5.25.
Yes I am serious
Gonna go get the snowmobiles running and BRAPPP
kavern23 wrote: If we look at Petrus, IPO, BNE, OBE and YGR share price's since Q3 release:
IPO, PTQ, and YGR are all similar to being close their near term high for last few motnhs...these companies are all within 10-15 cents of it...YGR is 3,02 and hit 3.17 as near tem high. Weathered the storm compared to BNE and OBE.
I think further is evidence that once oil prices get to a level of stabilziation M and A are done again, BNE amd OBE need to change their cardium business models. Market isnt going to give their share prices the proper value those companies deserve in current format.
Sure BNE can eventually pay a divy in current format but they turn into a non growing value play. 13000 boe is small production to be in this bracket. Obe is in same boat with their cardium assets. And bne and obe are not buying new virgin land like Petrus and YGR.
BNE is crashing right now as I think some investors are pricing these companies like oil will be 75 in 2023. BNE could unlock alot of value and be valued better if they combine thier cardium assets with obe's. Lots of cost cutting that could be done. Have BNE management team manage this new cardium focused company. OBE current management team manages OBE with just PROP and Viking. Prop has the potential to be a full time job for a management team...looks of moving parts and opportunity in clearwater still. I think this would be valued better by the market. It would have a really stable decline rate for new bne/obe cardium company.
BNE is just slowly grinfding away each year, and drilling lots but nothing with homerun potential. Need to go back to their strengt which is BNE as 4000 BOE of legacy production that maybe declines at 1% a year. Combine and get the production size to be a powerful dividend paying company.
Good for OBE's management team as they have PROP and Cardium and markets like steamlined companies.
OBE and BNE shouldnt be building sperate gas plants when land is side by side.
I agree with the fully that YGR's startegy should be hammering the drilling rig. In theory YGR can run a drilling rig full time and also grow FCF q to q if the wells can keep coming nicely. Excited to see what 4 new ferrier well will be that curewnrly drilling first on.
And new land should be very nice, little vertical old wells that have taken pressure away.