Post by
oilfan on Mar 15, 2023 5:13pm
I have doubts if the deal will go forward
There is still a debt component that will require nervous bankers to finance it. With oil tanking daily I am not sure how this will play out. I cannot imagine today money people are receptive to the idea that oil is going to $100. Also BTE is getting hammered daily much worse than its peers which also doesn't help confidence.
Today's financial realities are very different than what was 4 weeks ago.
It is a good deal though, bad timing.
Comment by
Snowballer on Mar 15, 2023 5:23pm
If the market was craving leveraged growth and risk, would have been great timing. Not the case tho lol Mgmt. did not read the room
Comment by
Cobalt on Mar 15, 2023 5:25pm
Maybe we should move the real discussion to a gold forum levae these guys to their dreams , let you know which one is poping off with real talk
Comment by
oilfan on Mar 15, 2023 5:46pm
flight-to-safety will leave BTE to eat what it kills...they will have to do whith what they have; minus the penalty for walking away from the deal.