RE:RE:I don't think anybody really realizes how much trouble this I have to agree that things aren't looking good with these oil prices. WE aren't in a death spiral by any means but oil at these levels will put a lot of stress on the balance sheet. Remember that nobody seeks out higher interest rates unless they are in a position of need. Not giving up on BTE but these low oil prices are going to make it very tough going forward.
I may buy BTE again at some point but definitely not going to chase it.
It looks like at current oil prices BTE will create just enough cash flow to cover E&D Capex. We need to start paying down that debt at some point. Might have to sell some assets if oil prices stay low.