RE:BTE after dealYes, that aligns to the data in the Feb 28 data
Share price is typically market cap/shares outstanding
In theory, as debt is paid off, that debt is added to market cap on a 1:1 basis.
There are various drivers for share appreciation given they're generating 1b fcf.
1. Debt being paid off, adding to market cap
2. Share buybacks reducing the float
3. Increase revenue thru production increases and / or oil increases
But possibly the biggest opportunity for share appreciation might be
4. Improved sentiment of the O & G business because they're all trading well below where they should be