RE:Once againSadieLadyCO wrote: BNE is still over sold compared to other OIL. Mainly because of the low float. Waiting, buy a $hit load more if it drops further. Oil will be back up and I still beleive that BNE has been under valued ALL year. May even be a buy out soon.
I don't know why you keep saying buyout but that's definitely the best way to go here. In the meantime, after reading the recent news relese again, I think they will pay a dividend pretty soon. If you read the last news release they state they will manage bank debt along with paying a dividend. Maybe a Christmas surprise if they can finally get the bank covenants off of our backs.
"With ongoing bank debt reduction, Bonterra aims to further strengthen the balance sheet and secure a financially flexible position free from capital allocation constraints, enabling the Company to advance its goal of returning capital to shareholders. Progress has been made regarding the re-constitution of Bonterra's banking syndicate and credit facility, which is scheduled to mature on November 30, 2022. The Company plans to provide an update when new banking arrangements have been finalized"
and
"Furthermore, the Company remains committed to further decreasing bank debt which supports its goal of restoring a shareholder returns-based business model focused on continued net debt repayment and sustainable dividends."
So, unless I am taking these comments too literally, it seems clear that they will not be paying off all debt or the bank debt before paying dividends. I missed these comments when I initially read them but the proof will be in the pudding anyway. If these comments are accurate then I see a dividend coming soon or an announcement at very least. We will know once the debt is renewed hopefully with some sane bankers and hopefully they will put all of the remainder debt on a term. With term debt and dividends the share price volatility will definitely smooth out and likely cause a reasonabe re-rating depending on the size of the dividend.