Energy Investing - HFI research on OBE (edited) - Energy Investing - InvestorVillage


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Msg  536492 of 550906  at  12/7/2023 12:02:23 PM  by

OilMoneyAB


 In response to msg 536478 by  newtoboard
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Re: HFI research on OBE (edited)

One thing to note is OBE is having one of the more successful NCIB programs. They only started in late May of this year and have already hit 5%...

I see them trying to bring share count down to 60 million by the end of this 3 year plan assuming we can get back to a 75-85 range over that 3 years.

To hit 60 million shares by Dec of 2026 they would need to retire 520k shares a month. At today's price only costing them ~5million a month... 

Once you have 60 million shares and 50k production you can come out with a pretty juicy divy to set a $30 anchor price. 


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Replies
Msg # Subject Author Recs Date Posted
536497 Re: HFI research on OBE (edited) john47m 3 12/7/2023 12:11:12 PM
536498 Re: HFI research on OBE (edited) Naamkat 1 12/7/2023 12:15:14 PM




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