RE:RE:RE:RE:RBC waking UP !!!masfortuna wrote: JohnnyDoe wrote: masfortuna wrote: red2000 wrote: New target price 9$ with a possible upside at 15$ ! 
Hey Red! Thx for the posts. I think , however, we nee to take a more reasonable outlook. BTE still has over 1 billion in debt and 560 million o/s. As long as oil continues at these levels (aboe $65) the fcf will eventually wipeout the debt and shares will be bought back. So 1 year from today I think we may be that 400 million debt target with about 525 million o/s. For BTE to trade at $20 would mean a 11 billion market cap. Not sure if that is reasonable to assume if wti trades at $100 for the whole year. IF IT TRADES AT $100 for the next 3 years then yes I can see that as a possibility but a lot can happen until then. A more feasible target with the numbers I give for the end of next year is $12 which is a 60% increase. I would thrilled to see that sp end of 2023 with the economy in tatters.
Mas
Mas, I had 547m shares out. If I look at getting to 400, I see almost 500m going to buybacks so the float number will be around 500. If oil is at 100 heading into 2024, that leaves the company with a very significant cash flow per share that's available for distribution. Definitely north of 1.50 per share. The question is what will a dividend yield? There are very juicy dividends available in oil stocks, safe down to 55. I'm surprised the stocks are not being bid up more.
I am not sure we will to to 400 million anytime soon. I would guess 2026-2027'ish??? I do think we will be at 800 million sometime in early 2023 and possibly close t 400 million early 2024. It's a waiting game as far as the sp goes.
it is a waiting game and depends on oil prices. The November presentation has new slides that lay out contribution to debt at 70, 80, 90 and 100. There's obviously a big time difference on when we hit the 400