RE:RE:1234, 2022 Capex and ImpactWolf has no idea about where the share price will
be in the summer of 2023. He can only speculate like the rest of us. If oil goes down so will BTE. If oil goes back to $75 here and stays BTE will be under $5 by June 2023. Simple numbers will tell you that. Less buybacks and less debt repayment. All the talk about 850 million in debt by year's end will than shift to whether the debt will be above a billion by year's end with sinking oil prices.
If oil stays here debt will get to $850 million by the end of the year and be wiped out by mid 2024. By then dividends will be back and finally the market will participate. His June 2023 target allows a possible pivot point for the market to realize the unlocked value. It seems that's too early and it won't be until dividends are introduced that the market sees the value.
Again, all what if scenarios because if oil corrects here it all will be muted with a sinking share price.