To BTE management. Keep doing what your doing! 1. Focus on FCF (415+m per year at these prices)
2. Pay down debt (down to $1.4b this year wow!) Clear off the 2024 note on June 1st 2022 as soon as the agreement allows.
3. Buyback cheap shares complete a SIB not a NCIB (the cheaper the better $2 great, $1 awesome, $0.50 I will be competing on those buys!)
4. Issue a dividend
5. If Clearwater development can accelerate FCF, debt payment, share buybacks and dividends do it.
Preferably in that order and keep within 80-85k bpd
Ignore the share price focus on the enterprise strategy, operations and efficiency.
With this you will find 100% support