CEO BTE AT PETERS AND COMost of what the CEO said was routine but he did pass on a few new interesting points:
- BTE is not a company that promotes itself. It has an approach of "underpromise but overdeliver"
- BTE did look into the possibility of purchasing DELTASTREAM but where not prepared to go back into even greater debt - he did say it was a good asset
- BTE will exit this year at around 900M$ debt and hit the next target of $800M debt early in Q1 23 at current prices of oil
- the Clearwater and its potential is not factored into the SP yet because it is too new of an asset.
- BTE will see about 15,000 barrels of oil day coming from Clearwater in 2023. When asked if Clearwater go go to 40,000 he said it was early days
It is worth listening to the presentation if you have not