End of Q1Time flies. another Q in the books. Wti probably averaged about 74- 76 this q. This should mean that BTE had free cash flow of around 115 million, which will go to paying down debt, buying back shares or acquiring assests. So for me as long as wti stays in this range or higher bte is a money making machine.
I seen last week that rig count was down about 13% yoy. Looks to me that no is ready to over produce going into uncertain times.
Biggest risk for me is debt, both mortgage (does the housing market crash) and personal like credit cards, heloc's etc..If the next report shows this is not being managed well then it might be time to take some money off of the table and look to reenter at a better price.Or can todays Liberal governments manage this??
Wish my crystal ball wasnt in the shop for repairs