RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The company needs to do a 1for3 reverse split I don't have a narrative other than companies with old mature properties that are higher operating costs will struggle more than general market when commodity prices are lower.
Same type of market as 2015-2019.
Nothing has changed.
Bonterra, Journey, and Pine Cliff fit this mold.
Bonterra spent 112m in first 3 q's of year.
Any capex to fund NG infrasttructure should have been through a share issue like YGR did as payback period on NG expansion is years. Why use high interest debt to expand compression or a gas plant? Strategic thinking I dont like at BNE>
Better than what BNE and IPO did trying to fund this.
BNE guidance was for year end net debt of 120-125m and it is 167m after three q's and YGR is only company that blew it?
BNE will be lucky to knock net debt by 20m in q4 to 147m.