Nice steady catch-up run for BTEBTE has been undervalued for a long time and is now trying to catch up to peer's evaluations. $80 oil seems to be the catalyst for this re-rate, but we all knew that 25% FCF yield couldn't last forever. Hopefully everyone had a chance to fill their boots over the past few months when sentiment was dismal, especially in November/December. Man. Hats off to all those investors who stuck that out. Especially with all the bashers on here telling us how BTE was going bankrupt.
Still incredible value here and the world is waking up to the 20% FCF yield at $85 WTI with high torque to rising prices.
BTE is a pretty good place to be.