RE:RE:RE:share price..Right now its easy to feel good about higher oil prices for longer. But I applaud the new 2021 higher hedges.
The world could crash at a moments notice with the next "pandemic" scare/covid variants, or oil price war and new supplies coming to market (i.e. Iran, OPEC etc.) not to mention the "climate crisis" agenda every governent and major corporation and news media and Tech firm is pushing.
A prolonged period of stagflation (higher CPI prices, lower employment and no meaningful economic growth) paired with rising interest rates, increased defaults and inflated asset bubbles that burst. There's lots to worry about AFTER this fantastic summer of outrageous demand and travel we are about to embark on. But all of it could vanish at a moments notice and BTE needs to pay down more debt (which is secured by locking in higher CF via hedges) before it can take on the risk of accepting the unkown future.
It's a win win if oil prices go higher and higher, hedges go higher and higher. Cause at some point oil will inevitably crash again. If the leaders of the world economic forum and the IMF get thier way the financial system will be replaced with a world government and digital currency and the people of the earth will "own nothing and be happy", the USA will no longer be a super power and meat will be a "delicacy" as we will moved to a plant based protein supplement. The agenda of climate change, covid19, LGBTQ/trans movement, systemic racism, stakeholder capitalism and the great reset is a risk of epic proportions to our societies and humanity... and oil will have some pretty wild swings I imagine.
Oh, and don't forget about the aliens! Now that they're pretty much gonna stop in and say hello real soon lolll.
See you all on the front line of the rebellion.
TrendSwapper wrote: Not sure what to think. I wasn't very fond of their outlook. 1 billion free cashflow sounds blah in 4 years. I'm worried they are going to continue with their conservative hedging and miss out on a major oil spike that I believe is looming...