Post by
AliNaimi on Nov 03, 2021 12:45pm
Financing looks good.
Compared to the market reaction to OBE's dilution at higher interest rate. OBE's soft Q isnt surprising I know some were speaking of 30 million FCF and even $1 CF for OBEs Q. BNE also had some downtime with a refiner fire but this is a one time item that affected many producers in the local area. I expect George Fink will provide an update on current production (my guess it is over 14,000 boed) and how much FCF that will generate in Q4. (could see 20-30 million FCF for Q4) Like OBE Q3 I only expect small debt reduction for BNE 's Q3 but after this Q the FCF generation of Bonterra Energy will become a material catalyst. The financing sets the table for a fantastic 2022 ang gives the company a better structure to make deals. Entrada would be a good fit for BNE.