RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks JuneWhy did BTE bought Ranger Oil and incurred all these acquisition costs and sell it back for a loss?
BTE bought Ranger Oil at the time that WTI was $75 and estimated combined FCF was $1B annually at $75 WTI , now they estimate $700M at $77 WTI, so even a child knows that this is overpaid never mind the oil companies. This is very clear now.