BTE breakup value The Jagged Peak transaction should give BTE shareholders some comfort that BTE's stock price is irrationally low. BTE's Eagle Ford assets are worth at least as much as Jagged Peak's assets. In fact BTE's proven and probable reserves are 4x those of JAG while production volumes are close JAG = 37,700 boe/d vs. BTE = 40,500 boe/d.
With little else positive in BTE's current story, shareholders can perhaps take solace in that eventually someone will see the value in making a play for BTE.