Post by
B767driver on Aug 27, 2024 12:33pm
Downward Ho
Very frustrating
Commodities up BNE down
Commodities down BNE down
The stock is illiquid and always under pressure.
As fellow posters breakdown the BOED and sift through quarterly's, everything disappoints and there are no blue skys.
The big banks are now adjusting their crude targets to 70-75 to end of 2025. This does not bode well for small producers.
No dividend in sight
Meh
Comment by
Jnasty2pointO on Aug 27, 2024 1:58pm
The cardium is out of runway and they have had to make some extremely risky moves. There has been no improvement yet and sufficient debt reduction has stalled. Beware of the pumpers trying to hype things up on half truths or straight out lies. Add the shitty oil price in and you have something that's going lower until both the price and the company turns it around if it does at all. Good luck