RE:What will BTE trade at $100/barrel Oil?Since the hedges only grant them an extra $13 million for every dollar above $52 if oil someone went to $100 this year they would only make $600 million, which would only pay off about 30 percent of debt. Sustained $100 oil means they would still owe 1.5 billion come 2022. At a 5x P/E ratio that's about $1 in free cash flow or earnings which at fair market value of a p/e of 1 puts the stock approximately where it is now, $1 and change.
At a p/e of 5 that is forward looking potentially over $5 but with such massive debt let's be conservative and say $3 for a p/e that mataxhss the current p/e.
BTE needs sustained $100 oil to eclipse $3 and stay there.