RE:with the good earnings reportThe earnings were ok not great. Everyone here seems to think it was great that they posted a small profit. If you look at the income statement, you'll see that earnings were aided by a 50M deferred tax credit and an 87M foreign exchange gain, if you exclude those two items, they lost $140M. Regardless, the analysts could care less about EPS, they are more focussed on cash flow and whether they are generating enough cash flow to grow (or at least sustain production). BTE needs to spend about $500M in capex to sustain or modestly grow their production - this year they are spending half that, hence why their production is falling. So they need to generate $500 in annual cash flow - in Q1 they generated about $45M. As Norman pointed out earlier, the worst quarter is behind us and if prices stablize at $45 for Q2, BTE's cash flow will jump up by about $50M ($8 x 70,000 x 90 days). So that would get them to about $100M or $400M annualized.