RE:RE:RE:RE:RE:What does oil need to be for BTE = $30?Johnny41 wrote: In all fairness, $30 was a comment I was stretching a bit, and years out, not in 2016 ...
Due to the recent rally, I couldn't stay away and decided to come back, but not before adding 8-10 names to my ignore list! It seems to be much more peaceful here since I did so. Johnny, the last time BTE was around $30 was in Novemeber/December area of 2014 and at that time crude was around $60. That's probably the only metric we can use to determine future value of BTE. With the huge capex cut and suspension of the dividend, BTE could be trading at a much different price at $60 oil than it did before. It's quite hard to predict. I don't think BTE will instantly jump to $30 once we see $60 oil but if oil stabilized in that area, BTE may eventually creep back up to that ballpark.