Joeseph Schacther BNN Comments
Did you all not notice the big mistakes and omissions he made in his comments on BTE : 1/ Current NAV is 10.40 CDN NOT 8.40 2/ Left out their cheap USA Eagleford production..ie said they were only producing 39,000/day..its like he thought they were still just doing heavy oil in AB 3/ Left out that for 2016 they had enough cashflow to cover capex and pay down 10% of debt 4/ Left out info on their hedging 5/ Left out that 70% of capex is being used in cheap Eagleford area and are estimating 5% increase in production I wonder if some of these guys leave out info to try to get the stock price wacked back to price as if oil was at $30...in case of BTE it's low was $1.57...so they can pick it up really cheap on panic dumping and then end up making a 300% gain ????