RE:Talk about mixed opinionsThat's the issue and one of the reasons why the stock price hasn't taken off. Is $85 oil sustainable? The EIA says no. Let's be honest, if the EIA is correct and oil goes to $68 in 2023 BTE is not the $10 stock everyone is predicting, not even $5. It's going to take $90 oil to get to $5 in 2022. So as shareholders we have to ask ourselves if oil can get to $90 or triple figures. I am banking on a conflict in the Ukraine to bump oil up but cool heads might prevail and oil might remain range bound from $70 to $80. Range bound oil can't get this moving. The oil price has been moving up but the last earnings resulted in a slide and correction. I am trying to stay positive but accumulation and growth takes us to $5, $10 is just not reasonable at $85 oil. Free Cash flow is just slightly over a dollar a share at $85 oil, that's a stock between $5 and $6 tops after 12 months of those prices. To really get a double here we need years and not months of $90 plus oil. Too much hedging.
If I were a betting man and I am I think we touch $5 briefly but quickly fall back under $80 a barrel when the Ukraine conflict boils over. Hopefully we stay at $4,50 and the stock gets a reset when oil does it's natural ebb and flow. I really don't think it's a straight up line from here. I wish it was but it's been a straight line since $3.30 and the last predictor of performance is past performance.
Share price predictions? Will this earnings call finally move the stock?