RE:RE:How many here Nessrookie wrote: Not a question if want. They need too. If you run the math they need oil to average $80 between 2017 and 2020 to meet debt oblgations coming due and capex to keep production going
Selling asset kicks that further down the road, reduces interest expense and opens up cash to expand eagle Ford and increase cash flow
They are still walking a death march with where they are today. Hoping for $60 oil is not a strategy
and yes at $50 oil I wish they would hedge it all. But according to investor relations they have a policy not to hedge beyond 60pct
Im sure BTE has a team of analysts and number crunchers that are well aware of this. With oil having some direction now it makes BTE even a bigger takeout target. They hired the "Black Widow" for a reason . I have full faith with management at BTE that they'll have a game plan.