Boys1 is very pro OEL, as far as I can see. And he has a point, OEL is what, 40M$ MC vs BYE 140MM$ MC? Yet, they both have the same basic money making machine (SM71). OEL and BYE are very different companies. BYE is infrastructure, hard yards, things you can kick ie the operator. OEL is the bank, investing in great projects ie the one that take their cut after backing a good player, well that's the idea. Both have come up short. Hense the share price of both of them. And the black hole in my portfolio. Covid, was just the weather that exacerbated the issues. OEL was falling well before covid.
OEL is looking to consolidate it's shares. ie some sort of 2 for 1 or 100 for 1. to make them look more attractive to investors.1c is not a good look. After the drilling "package", they have not invested in any expensive drills and so they are accumulating cash from SM71. Pretty soon they will become a take over target by virtue of cash flow vs MC. In truth I am done with them, as a fool and his money are easily separated. Quite frankly I will be very happy to exit my trades at even with OEL. Of course that would change if they gave me a reason to believe.
BYE, is crawling through the mud. They have invested in stuff. and the stuff is still there. Stuff that has to be serviced and cared for. Stuff that costs money. But if they hit black gold. And it's a big if, they will look like F* genius. "seek and ye will find", is the bible quote. Well, they definitely are seeking. Hopefully the next hit allows them to seek the big game. At 100% investment and 100% profit (minus the governments take)
Yep, badger is looking at another empty bottle of high quality 2019 clean skin at 1:30pm. I drink so you don't have to. Good luck all BYE investors. And may the Gods, God , Devil smile on us all. I think that was a disclaimer. Mhhh, why are there two post buttons?
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