RE:NR Jan 31/22 thoughtsPS,
At current low prices ($80WTI and $3 gas), and essentially no forecast production growth in 2023 (ie same as Nov and April 2022), OBE has just forecast 2023 funds flow of $395 million
To put the current share price in perspective.
There are currently about 82 million shares.
395 / 82 is $4.8 in funds flow per share.
Today's share price close was C$8.62
ie, its trading for 1.8 times this years funds flow
That is a rediculously low number (not so long ago 4x was considered average). And that funds flow is based on rediculously low oil and gas prices.
Its easy to see why Mgmt apparently wants to implement their share pruchase plan ASAP.