RE:MEG is a target for over $9 todayBTE could certainly return to much higher levels if they are a survivor of this carnage.
Good thing BTE got its debt refinanced and have no immediate cash concerns. Q1 should still produce positive FCF given the relative strength in January and February coupled with BTE's hedge book.
Liquidity wil be maintained by a dramatic reduction in CAPEX for Q3/Q4...expect to hear this from management on the next CC or a news release in th ecoming weeks. Q2 is already forcast to being a very low CAPEX period for BTE and I expect BTE will be lookng at reducing their spend even further.