RE:RE:Remember July 2015 oil at $50, BTE was $20 !
Chief1, that was in March 2015 when 32 million shares were issued at t $17.35/share, raising a total of $550 million dollars to pay for the Aurora Eagle Ford purchase debt down.
That was well received by the markets and the price went up to $23 in April. So the paying down the debt by issuing new shares was a very good thing.
At sub $10, the dillution from a year ago is all baked in, let alone sub $5!
This is the best deal on the Canadian markets. High gain stock with multibillion assets in a sector in the start of its uptrend cycle.