RE:RE:RE:RE:RE:Oil at $60.80 sorry. Actually $9 dude. Doesn't matter to metrics have changed and BTE doiubkes their share in the same time frame. Let's take a bet, it won't get over $1.05 tomorrow and most definitely not over $1.10? Oil is up 60 cents and all these cheerleaders are making wild predictions that won't come true. The sentiment in 2016 was a Keystone approval and $100 oil and neither came true.
The inflated share count of 569 million shares means fair value is about $1 a share based on $50 oil for the year and forward p/e of 5. If oil truly averages $60 for the year they will earn about 40 cents a share and $2 is possible but that is the high end of the upside, $9 BTE at $50 is impossible.
The hedges will drastically restrict earnings so it's very unlikely we get past $1.50 this year. A nice return if you are new to the stock but long term shareholders get screwed. BTE desperately needs a share buyback to grease long time shareholders.
Sadly, not possible given the debt which needs to be addressed first before any dividend or buyback.