Bonterra Energy Corp T.BNE

Rex this is a red herring…

[kavern23]

On August 28 you said you picked some Bne up at 4.44 and today only 7 days later Bne is 3.85...perhaps you are the red herring based on performance...

[TheRexmember]

Yup the stock price went down Kav Good thing I locked in a few wins. I will keep adding. Little by little.  FYI a red herring is something that is unimportant or irrelevant that misleads or distracts. Something you do a lot.  A debt faculty is something that doesn't exist.  A debt facility might be what you mean. 

[kavern23]

Rex...I have stated numerous times I am out of the energy market stock market as long as Russia is at war...as it really messed up oil and gas markets. It did for ng and oil is in for some pain next. world is so corrupt if oil hits 65 dollars soon and no real reason someone likely has info a truce is coming between Ukraine and Russia. Even to peace talk...Russia is going to demand access and be

[kavern23]

lol I meant it is a good move to be out of the markets. Too much whiskey already. Days like today are exciting 

[TheRexmember]

Lol, wish I kept my trading wins from earlier this year by staying out too. I am staying with dollar cost averaging until I puke.   

[kavern23]

Obe versus Bne valuation has remained in same era be almost 2 Bne to every 1 Obe share. july 22..obsidian eneeegy is 10.15 and Bne is 4.99..in ballpark or 2 to 1 ratio. Current isn't much different in 3.74 Bne and 7.78 Obe.   If both continue to fall is it worth revisiting what they look like merger in cardy

[blackdog]

No. There are a host of reasons that this flyer by OBE was overwhelmingly rejected by BNE shareholders; you can revisit them if you want. I don't have the energy too. Market valuations make deals very hard; the values are not being recognized. Book value and potential are all that shareholders will settle for.  A cash offer somewhere in the mid-teens might start a discussion; shares

[kavern23]

Bne was 1.50 range and OBE was 60 cents on August 31, 2020 when that hostile take over was made by OBE. The large reason for that takeover was 2021 commodity prices were forecasted to be 50 WTI and 1.95 aeco for 2021...and being larger cardium play would counter lower oil prices. Russia war bailed both BNE and OBE for a few years...with pushing oil and gas prices up...but what happens if in 2025

[TheRexmember]

That OBE ship has sailed. Trevor Rose has a decent OBE ceo interview. Mostly it was just an effort to distract the market while they tricked to keep it together.  I don't want anything to do with them.  All ego all the time. 

[kavern23]

Rex...complexity of mergers is what makes them so rare. but let's more longer term and Bne cl production is high and Obe prop production is higher...does it make sense for these companies to keep cardium production mixed in that is so much low valued per flowing barrel. Bne and Obe cardium combined is like prob 38k boe ish range. at that size more options like shutting in highest operating