RE:RE:Think of it this way… It is easy to look back and comment without knowing all the facts. Neither of us knows exact conversation Obe had with their bankers in 2019 and 2020. Plenty of press releases of Obe having to change amendments on financial convents and extension on debt faculty being done so often.
Maybe the bank were hinting to Obe at the time with their debt so high they needed to merge and get bigger? OBE probably didn't have great leverage. Oil was 50-60 in 2019 and under 20 in 2020 for short while.
But the current management team didn't take on all that debt, so lucky breaks happened but they got out of it.
I don't think you can speee up a turn around is my point. And the idea and suggestion to merge in cardium was still right strategy for long term, only Obe was in a tight spot financially when they suggested Bne deal.