RE:RE:Buyout coming boys and girls
One has to remember the last quarter was based on $45 WTI crude. Things have turned around. BTE was hit with end-of-year tax selling and the negativity around the keystone pipeline outage and temporary Alberta inventory builds. The non-US Asian Pacific countries are scrambling to get panamax tankers to Vancouver to load up cheap Western Canadian Crude.
And with over 50% of the production in the US in Texas, BTE is well positioned at these low, low prices.
A take over of the US Eagle Ford Assets are a real posibility at this point but BTE has lots of time and the debts are covenants based with no review requirements. That's quite unique!