Raging River 2.0 :/ :( So BTE spent all that cash to buyback shares above where the price is now trending only to turnaround and dilute shareholders, add significant debt back on the balance sheet as the world enters into a global recession and OPEC can barely keep oil at $80.
It's BTE that should get bought out. There goes that dream lol. Let's see what market thinks. I personally think it was a dumb move given what shareholders were expecting... 50% of FCF and less debt moderate growth. And if oil goes to $60 this could be what? $3?