RE:Asking for a friend -Riski This is exactly the kind of short term thinking that keeps you from making big gains. You are content with day to day or week to week small gains accompanied by small losses overall accomplishing nothing as your account dwindles due to a thousand cuts from small losses, fees, and taxes.
Ask yourself this: Do you think oil is going to be more expensive or less a year from now? Do you think BTE spends more money in one quarter than others on CAPEX? Are commodity prices, on average lower or higher than last quarter and a year ago? Should you look at a company in isolation of one quarter or their stated plan for the year?
BTE explicitly says in their press release that the CAPEX is front loaded just like every other year. Cash flow for the year is unchanged using commodity assumptions in the presentation.
These results are generally in line with expectations. Why are you trying so hard to make them into something else?
Nothingmatters wrote: Hypothetically— if an oil company pledges 25% of FCF to shareholders.
But doesn’t make any FCF.
Do shareholders have to send money into the company account?
Thank you.
Sincerely,
NM