OpsBTE shareholders just got their 2023 pulled out from under them
A 9c dividend is all they get. A token sufficient to provide share price support at $0.9/share. So much for returns to shareholders
To add insult to injury they also get 40% oil hedges - at a price likely to be the low for the forseeable future
This May payoff handsomely in 2024, but until then BTE looks like dead money
If 2023 oil prices and Asian demand increase as expected, other companies may see their share prices advance significantly while BTE lags
On the positive side, those thinking about setting up a sequence of investments, now have a good option for what to roll onto when they take profits from their current investments a year ish from now