RE:Dead right No problem Frank, Yeah I'm using my linear algebra to try to identfy which factors have more weighting on sp movement. Like bte and fec. Like which has more effect? A 10% increase in Brent price or a 10% decrease in US 2-year yield.
In the first case their operating revenue goes up. In the latter case their interest expenses goes down if they have a lot of floating or variable interest rate debt or obligations like capital lease agreements.
So now I'm trying to understand debt structures and capital structures. Pretty figgin complicated. Anyway just trying to quantify things. Both fec and bte look to be way oversold to me but what do I know? Not much. But I plug away at it. Everyday understanding more.