SizeCrazy to think how size matters so much right now. First it was OBE signalling have to get to 50k now BNE with wanting to be over 20k.
I have too agree with them, in this market the large instutions want bigger companies and stock market value show this.
IMO the easiest way for BNE to create value isnt a dividend it would be if they can get a merger done at a fair price, just being bigger will give a better mutiple.
BNE market cap is 271m...look at surge and cardinals...both over 20k boe.
If Bne was a 23,000-24,000 boe company wouldnt the market it take it too at least 800m market cap.
But one of the true advantages if they can get to 20k plus from a buy is could just run a 120m 1 rig capital budget for combined 20k company...to maintain production and then have ability to throw 60m at montny if desired.