Post by
Rational43 on Jan 11, 2023 4:55pm
Cheap cheap cheap, nothing else to say
BNE, OBE, YGR, SOIL just crazy cheap.
Stupid absurd Nov 2021 cheap on cash flow metrics, all with MUCH stronger balance sheets than back in Nov 21.
Recession narrative has everyone spooked, but copper starting to fly.
Anyone buying BNE for under 2 x CF, at a small fraction of 2P NAV at $75 oil, will be up 100% before 2023 is over. I'm looking towards a 2024 timeline, oil is back at $100, this will be paying out $2 a share in dividends, with a conservative 10% div yield no reason not to expect $20 per share.
There are good undervalued energy names like CPG, WCP, CVE, that look positively pricey next to BNE. Many will gain 50% + over the next few years.
Not many will triple.