Post by
Rational43 on Nov 04, 2022 11:33am
So much impatience
Bonterra execs have the simplest path to value creation you can ask for.
Execute, keep production steady and pay off debt to turn Enterprise value into Market Cap.
This stock is trading well under 2 x CF, all it has to do is retire debt, and the outcome is an easy doubling of market cap just to get up to depressed industry multiples.
Not many, if any Canadian based companies producing light sweet oil and liquids rich NQ are this cheap.
Easy money, and every quarter we should get good news to move the stock up.
Can't wait for Q3, Q4 will be even better.
Plus, lowball hedges rolling off means 2023 will be far better than 2022 even without oil price increases.
Comment by
TheRexmember on Nov 04, 2022 1:13pm
Not much hedged with this company. Mostly collars, with a vastly different impact. On the oil side they get downside protection if oil goes below 48 dollars and give up all the upside over 100 dollars.