RE:RE:RE:RE:Nothing but blue sky !rapid_fire_ wrote: Marks, this company has terrific management.... Watch them shine. They have a 55.00 oil plan . Email some of the directors like I have. Very solid company.... With very sound plans to expand in an adverse oil environment. Buy low ,sell high . It won't get much lower than this fire sale. TD is forecasting close to a double from here....others are too. Enough Color? Your turn now....
Not much color?
$65 oil is in the public plan. Yes a good management team, however their timing and financing of Eagleford assets has hit them hard.
They won't be buying anything with the current debt load. Unless of course their lenders want them to. And that could happen if the bank is holding distressed assets they feel can be hugely accretive to BTE.
Management is most likely to hunker down as someone else put it, and ride it through.
If they had not done the Eagleford deal it's my opinion the share price would be higher than CPG's and they would be considered very safe. Now that some time has passed since the collapse in oil, its easy to see which companies the market likes and are seen as the safest. I'm afraid BTE isn't on that list right now.