RE:RE:RE:Peters presentation Rex, it better not be Entrada first...I maybe buy shares if BNE did get Ricochet.
Biggest reason being getting oily for next 6-8 months is right move if a deal can be had.
Ricochet is like 74% oil and 6% NGL's...extemely good on oil percentage..not NGL's inflating the liquids number. Entrada got quite gassy. Lucky if Entrada had 1300 barrels on oil side gith now.
Getting over the 10000 barrel of oil per day is what Rico would do and over that mark...company becomes less ricky...can afford to do more risk.
It is a good thing Ricochet paid low and got assets in low point of cycle as deals are harder to do when selling at a loss. Some china outfit in like 2016 paid over 230M for Bacclieu...situations when company is stuck make it harder.
Lots of reasons from Rico side for wanting to do ths, they will get a better vaulation from being bigger as well. Guess time will tell if anything happens here.