RE:RE:Lids about Break Open!!! Boooom!!!KoolInvestor wrote: A big joke, ya christhmas is coming....lol
Keep dreaming buddy, this thing will take you to hell, goodluck. Remember oil is bullish, just BTE is bearish, makes no sense...
biggest problems for BTE are hedges and debt
hedges will keep Q3 from being profitable - it will be close to a break-even, but with hedges they will likely have a small loss - free cash flow will be decent and they'll be able to apply that to debt, but nothing to get excited about
Q4 will be profitable and better free cash flow with RRX merged for an entire quarter, but hedges still holding it back a bit
Q1 the hedge problem goes away - they show more free cash flow and are profitable with growing production
Debt should not be a problem and will get paid down significantly, but it has also held th stock back
we just aren't going to get a strong bump on earnings until after Q1 which will be May of 2019
Q4 will be decent, but that won't be until Feb or March 2019
if oil prices go up we should go up higher and they'll make more free cash flow, but a little less than half production is capped
and WCS prices are too low right now
so there are obstacles for this in the short term - the question is where will prices be in 1st half of 2019 for oil
the biggest positive for longs - is the share price - it is very, very, very low
the stock should be 50% higher right now and poisted to go higher - we'll see