RE:RE:Shorted at close. ClassicTD, yeah that's the game...honestly all that matters for me at this point is the price of oil and my company priorities.
What deepblue misses in the big picture is that the share price going down actually helps the company if by some chance they can pay down the debt to the target and switch to buyback while the price is low..
Having been on the executive side yes share price was important when you need to go to the market for inflows. Fortunately at these oil prices BTE doesn't need to pull that lever...so share price is really irrelevant to them.
Not that it's not important Ed even said on the call if the share price is below a set multiple that's where the FCF money will go to get it to a reasonable level. Straight from his call.
I worry the share price will be higher and we won't be able to buy as many cheap shares. The cash flow won't change but a higher share price makes it more expensive to buyback shares. While it will never happen imagine being able to buyback shares at $0.50 that would be something.
Anyhow looks like close to another $4 million dollar weekend so I will sleep well.