RE:Well I’m out for nowCongratulations on the trade Maxmoe. It's been a wild ride from 0.29.
If you are in a taxable account, make sure to set aside lots of cash for that massive capital gain tax you will owe. You don't want to risk that in the market and find yourself short come tax time.
All the best and I hope to see you jump on this rocket again soon. I'll be here riding this to a double digit share price.
Maxmoe wrote: No doubt I'll buy back when the dust settles. Got a bit of a bounce to 5.50 so hit my limit order. Man, what a run from 29 F'n cents! Yes the acquisition is accretive. Yes the key free cash flow metric will improve. And production. If I have to pay $6 to buy back in this summer or fall, not a problem to me. I want to watch and sit on my pile of cash to see what happens when the new bte shareholders that are coming from ranger receive their shares? Will they dump? 'Mericans are infamous for just dumping. How much debt will we end up with when the dust settles? How long until we get back to where we were at pre bid? I don't buy oil stocks for divy but the buybacks are an excellent way of mopping up excess capital to prevent management from growing for the sake of growing and collectively shooting themselves in the foot. This is my biggest concern. It's what drove bte to 29 cents and right to the brink of lights out. The evil banks and bondholders haven't changed their spots, they just switched from irrational fear frenzy to unbounded greed due solely to wti. The ESG screamers will still be at all the banks and big pension funds annual meetings. What happens to Clearwater drilling program? We've heard repeatedly how those wells are the most profitable in North America but instead, we've blown the wad on eagle ford. Etc etc etc. so I do expect this will pay off long term, but in the today, and the meantime, I'll be taking a break. Good luck to all the long term shareholders. May the 4th be with you.