RE:Updated 2022 Share Price Vs WTIOk BSW , lets compare Jan 6 @ $78/b to today at that price . Sept 25 will use Q2 numbers
Jan 6/22 Sept 25/22 Year end
Production 80,000bpd ended Q @ 85,000bpd should be 87,500bpd
Net Debt $1.4Billion $1.1Billion $825Million ?
Clearwater Output <1000bpd exited Q2 @ 9088bpd possibly 15,000bpd
Canadian dollar 80 cents 73.5 cents who knows ?
Clearly BTE is healthier than at the beginning of the year and we have Q3 results due in maybe 6 weeks which should have debt reduced below $1B . By year end BTE should have retired about 30 million shares from the float and all prior hedges expire .
While market sentiment is in the crapper , O&G looks good with ample FCF to keep keep it leading the market . I don't see the mood improving but logic should start generating some interest as selling gets exhausted .