RE:RE:RE:RE:RE:RE:2016 ROCE and P1-P2 Reserve Growthfellowship wrote: Ocalaman wrote: Debt to cash flow for bte is the WORST in the group and that metric will kill them if oil stays below 70-80 cuase they ll never get thier Canadian streams back online below those numbers. They are a catch 22 right now and squeezed . CPG is lso ugly so a bad example to cite. GARP is always in fashion and paying a dividend and keeping below 100% payout ratio a bonus and they are out there you just need look.
You must be joking...these have started bringing their Canadian assets online since last year.
I agree CPG bad example, but I do not see many examples...Please give a few so I can see what you are suggesting. There is no playing catch 22...there is growth coming from increased oil prices and there is also conservative guidance which keeps everything in check and with this company you have organic growth. From current SP levels, this one is no brainer. I challenge you go in a $50 dollar stock - vertically integrated company, I do not think you will get the same returns from your investment
From a valuation metric standpoint, WCP, CJ, TOG and SGY are all much better value than BTE (actually they are similar value but without the risk and also paying a dividend)