RE:RE:RE:RE:RE:RE:RE:SGY Insidersfellowship wrote: d_trump wrote: fellowship wrote: d_trump wrote:
BTE is a great buy only if you are confident that we will see $57-60 oil this year.
Man, I read this countles times. Are you human or not ?
Please tell me how you compare a company who have not made the investments necessary to get production at 70,000 with one which already have eveything ready for that production.
Please tell me that.
You guys dont think...just same cr@p over and over again.
You can believe what you want but here are some facts to consider:
From Dec 2014 to present:
SGY Q4 2014 production 14k BOE's Guidance for 2017 14,450 BOE's
SGY debt Dec 2014 = $564M Current debt $162M
SGY despite recently increasing their dividend, SGY is projecting their debt to drop 25% this year
SGY regular signicant insider buying, CEO takes no salary
BTE Q4 2014 production 92k BOE's Guidance for 2017 68k BOE's (26% decline from 2014)
BTE no change to net debt since 2014
BTE minimal insider buying, none from new CEO
You can add 26% increase production guidance if that is disturbing you.
You still do not see the big picture ??
If the big picture you are referring to is higher oil prices, then yes I see it, as I believe we will see $60 (and $70) prices in the future, however what is not clear is when. If WTI hits $60 this year then BTE will outperform SGY, however if prices go sideways BTE will decline. If you think you know when we will hit $60, then I guess you are smarter than me. All I have done in my previous post was to show some real facts to very clearly demonstrate SGY outperforming BTE by a mile. The future is anyone's guess but what I do know is that BTE needs higher prices and SGY doesn't.