You Don't Know What You Are BuyingPrior to the deal we had a pretty solid understanding of what BTE was. The assets performed at or above expectation quarter after quarter.
Nobody here or at BTE knows what we have now. They think they have an idea, but ROCC has been bolted together so fast any analysis is full of untested assumptions.
Riski is dead wrong about the asset quality. Even Nuttall at 1:03 of his BNN interview said "IT IS NOT TIER 1 BUT WE DIDN'T PAY A TIER 1 VALUATION FOR THAT". The pumpers can post all they want it won't change what BTE actually bought.
The Board clearly wanted to transform the company. The Board hired Greager to do it. Only time will tell what Greager tranformed BTE into betting $3,500,000,000 on Tier 2 Eagle Ford assets.
If you have bought or held post announcement, you have absolutely no way of knowing what you have.