RE:RE:RE:RE:BTE SP at end of 2021 ?BayStreetWolfTO wrote: Hi JD, I did listen. Agree we are above now much like the company I like to be conservative. If you read my comments I said I would like to see debt at $1.5 and would be very happy as a long term holder. Factoring in 100+m plus for contingency. As I have said repeatedly under promise over deliver that is what I like you may be more aggressive but that's OK.
Again on dividends/buybacks I am being more conservative Q3/Q4 next year if accelerated great! Again I like to under promise over deliver.
Don't forget we DO want some money flowing to Clearwater to get to the 5-year target 80-85k bpd..if you noted that in the call. So I have contingency numbers. I agree upside could be greater but as a long-term holder I would be very happy with this progress.
Nobody said anything about institutions ignoring pretty sure I have been clear on that also. I'm pretty sure I have been consistent at this level BTE is grossly undervalued...however maybe that has been lost in translation?
I questioned you because your numbers are several days old and the info from today's presentation are different You're looking for 1.5 debt at year end. I heard at 65 we're at 1.4 at year end. At this point, 65 seems conservative as there isn't a real catalyst for a catastrophe short of a new aggressive covid variant that vaccines can't handle I also heard getting to 85k prod involves modest capital with Clearwater competing with the Eagle Ford as their best play I understand being conservative and get that. But if we look at conservative, likely and aggressive scenarios the likely numbers are far more impressive than the conservative, let alone what aggressive numbers look like I mentioned institutions ignoring because there's limited institutional investment and i think if/when that investment comes on board, we'll see sharp appreciation