RE:Brent at 120$ US - June 2022 !Hi red2000 , it's been a while . l see some familiar names and some new ones too .
As I said over a year ago , the daily stupidity of the market can sometimes camoflage the overall direction . It's not the price today thats important , it's where it will be next year . Even on a conservative estimate , this is a $10/sh minimum right now despite what some nay-sayers might have you believe . BTE is rolling in FCF at $80 WTI and the price trend continues to rise (calls today for $120 oil) , debt reduction is happening far faster than "the street" is letting on .
Q3 numbers will crystalize visibility and the accelerated progress against their $55/bbl plan of debt reduction/shareholder returns , Clearwater developement will responsibly ramp up production while adding to FCF without massive cap ex . As we work through 2022 and a dividend is put forward , I expect the share price to continue higher . While last year presented a once in a lifetime opportunity , there is still a lot of money left to be made in this name .