RE:Share price expectations Tough to say. You should really ask those interested in debating price and timeline they are certainly around here.. I mean you do put "guarantee" in your post.
My opinion will mean nothing to you and others aren't looking to constantly debate you so we wait.
While we wait we look to review past performance and how to play both sides I guess.
Unlucky13
December 30, 2020 - 10:17 AM
Post# 32196522
RE:WTI crude OIL UP another 0,87%...48,42$ US per barrel !
Crude keeps going up but we are at 70 cents. It's going to take $60 oil to get to 85 cents at this rate and $65 oil to get to a dollar
Unlucky13
January 24, 2018 - 09:24 PM
Post# 27428663
I am short
Not worried though. Oil is up overnight but might even see BTE down in the morning. Haven't had an up day of over 30 cents in a year and a half!
Unlucky13 wrote: $65 Is in course with the five years plan to pay off the debt. Yes, 5 years to pay off the debt! That's about 400 million a year in cash flow or about 72 cents per share. At a pe valuation of 5 that's $3.60 a share. If oil averages $65 in 2022 I see about $3.60 a share. Debt will still be about 1.1 billion with $65 oil at the end of 2022. If oil somehow manages $75 next year that's an extra 13 million dollars a month with hedging, that brings us to about 95 cents per share in earnings, at a 5 P/E ratio that's about $4.75 if the market can brush off the debt. Keep in mind that's a yearly average. You have to factor in the dips. If oil somehow manages $70 for the year with a 5 P/E ratio that's about $4.25ish.
$65 isn't enough to change things. $70 gets us above $4 but it will take $75 to get us near $5. That's a yearly average and I just don't see oil stayin that high.
So when people say anything above $65 is good they don't realize that's the current trading range form $3.30 to $4ish. Not exciting in my books. $80 oil is an extra $225 million per year, maybe $5 and change if that ever happens. $90 oil means possibly $7 plus a share.
Ask yourself, are you still content with $65 oil? It's going to take $90 plus oil for 12 months for this to double! You wants facts and I just alluded to them. Terrible hedges mean they only get an extra $13 million per month for all their barrels. A huge chunk is hedged at $68 to the upside. That's terrible.
I guarantee you this stock is $3.50 in December 2022 if the oil price is $65.