Sell Sell Sell Buy Buy BuyI don't see downside in oil the next 90 days
I see the only risk right now on BTE is that Q2 is also heavy on capex and not that much free cash flow is generated -- 100m cad let's say. Also debt only moves down marginally if at all.
My thinking is as May is a big month for CAD Capex the major portion of projected 700m in fcf will be generated in Q3 and Q4.
That's the risk I see.
The stock is still undervalued and should be 5.50.
ML