RE:3 days left in Q2. WTI $65+ is liquid goldWolf you analysis is good but you haven't built in any contingency plans. The 5 year plan for BTE is based on $55 oil. Q1 the price was $59, it's only been one quarter of $65 oil for an average. Oil may average $65 for Q2. That brings you the yearly average just over the $60. Even if oil averages $70 to the end of the year, that brings the yearly average to $65 a barrel. That's only $10 ahead of the curve, $55 next year followed by two years of $50 brings the average back the 5 year target of $55. Throw in a $30 average for year 5 and oil is under target at a $50 average. It's only been a few months of $60 sustained oil and you are not taking into account OPEC causing a ripple back to the mean. A $50 oil price over the next 5 years brings the stock back into the penny range. We are not out of the woods and still suffer crushing debt. Your analysis only holds up if oil does. At $50 5 years ago the stock was $9, at $50 today it's only a 99 cent stock.
It all hinges on the oil price and you nor I can predict that, but based on 7 year averages $74 isn't going to hold.