RE:RE:May presentation already online !!!
So the flip side to that coin is they took $80 million of FCF and spent it on "drill-baby-drill" when the promise was to spend it on "debt-baby-debt". Plus, they will pay interest on that $80 million needlessly.
We'll see tomorrow if SP gets punished or rewarded.
Jmo
glta
topdown99 wrote: Well I didn't win the FCF challenge but with good reason , BTE spent $80M more on exploration & developement costs above the Q4 2021 budget . By using the Q4 E&D costs (instead of Q1) , FCF was OVER $200M . Now I still wouldn't have won the challenge but it does explain the number and Clearwater now up to 8000bpd .
I don't know about you but I'm happy