RE:RE:RE:RE:RE:RE:RE:...when oil was 50.00 BullishBaytix wrote: Trump, your a numbers guy, any projections on earnings tomorrow morning?
d_trump wrote: $10 share price implies an EV/CF multiple about 15 (based on Scotia's estimate of their 2016 CF). That would vault BTE to the top of the pack - totally unrealistic.
@bullishbaytix - I don't have an earnings projection but I think the more important than earnings is production guidance. BTE's production has been dropping for 5 or 6 straight quarters, their 2016 guidance is around 70,000 BOE's. The market will have a huge sign of relief when this number stops dropping. I doubt guidance will be raised tomorrow, but if they can at least re-affirm the number I think this would be a positive.
The second most important number is the debt level - we need to see that it has not gone up because they said they would spend capex within their cash flow, so theoretically their debt should not increase. However foreign exchange is a factor because much of their debt is in USD.