RE:RE:Clear focus! PAY THE DEBT!BINGO TD!
LOVE THE SUBSEQUENT TO SEP 30, 2021 DEBT PAYMENT!!!
Everything on track!! Plus Clearwater
topdown99 wrote: That $1.56 billion doesn't account for the additional $85 million of retired June 2024 notes , that leaves only $200 million left of that series . Once that is paid out , the next notes aren't due until 2027 which leaves lots of breathing space . When you look at the calendar you can see that in about 7 weeks the 2021 hedges come off and BTE will achieve an additional $15 to $20/bbl on more than 20000 bpd .
A little over 15 months ago BTE owed $1.97 billion , today it's less than $1.5 billion and 2022 will see even deeper reductions to that debt . This line always bothers the nay-sayers but I am more interested in next year rather than next week . BTE is doing exactly what they said they would do even with the shackles of their hedges (forced by the banks) , 2022 will be entirely different economic's for BTE , if you don't see that , I'm wasting my time .
NYMEX futures sent a clear message yesterday and today .... And OPEC+ heard it , to keep prices elevated supply must be managed . Biden and Trudeau have given no incentive at home to increase production which puts OPEC firmly in control of price . 2022 looks poised for continued strong oil prices .
The day to day "stuff" will play itself out , last year there were several posts (from those who couldn't see past Friday) that stated that I (and a few others) were dreaming when we gave our opinions . Seeing a bigger picture and dreaming are two totally different things which by now should be evident . I"ll be happy to compare notes again in Nov 2022