Post by
AlexPKeaton89 on Apr 13, 2021 11:53am
News out tomorrow.
Look for a full operations update coming to market tomorrow. They are shaking the tree beforehand trying to get cheap shares and their cronies on here are trying to do the same. BNE is thinly traded so it can move down quickly on light volume but can also rise quickly on light volume. Production now averaging over 13K/day - one of the few companies that are back to prepandemic levels and executed all that drilling at pandemic pricing. If you look at their production forecast in their presentation they look to exit 2021 at 15K/day. If oil continues to trade at $60+ that number could be increased. Their Free Funds flow at $77M in 2022 @ $60 oil and $153M debt with 300M line means the dividend will come back. I also expect an update on their financing situation tomorrow. Enjoy the buying opportunity today because it won't last long
Comment by
oilypants on Apr 13, 2021 1:34pm
Alex im a buyer here nibbling away. Do you think BNE is a good candidate for Nutz. If adds this to his fund gotta think we take off. Higher oil solves debt FCFing machine in 22.