Post by
Helloworld on Nov 01, 2024 10:29am
Somehow Down on Earnings
Don't know how anyone sees Q3 earnings and decides to sell.
But OBE should have plenty of cash available to buyback at these prices.
Total Q4 capex probably in the 70-75 million range. Production probably on par with Q3 suggesting FFO in the 115 range. So 40+ million FCF.
Buyback 5 million shares at this price if they are giving it away.