RE:RE:Tough day...I do understand te results and thats the problem...rest of the market does as welll hence the current share price.
Not rude but look at it man but BNE needs high oil and gas prices in Q2 to FCF for the -35m in Q1.
BNE new wells decline fast and it is not good to have these oil and gas prices for the first 3-6 months production on these new wells.
BNE cashflow was terrible in Q1 and yes production is higher in Q2 but commmodity prices are lower as well.
Do you really think BNE will FCF 25m a quarter for next 3 quarters in order to FCF 40-50 for the year?
I am not basing BNE that it will go broke but it likely will have FCF equal capex when 2023 is done.
Isnt 90-100 WTI like 2022 and BNE had an unsustainably low capex in 2022 in order to FCF so well.