RE:At least BTE is over $5Everyday that WTI is over $80 is going to be a great day for the new and improved BTE. OPEC+ cutting back production recently only improves upon what BTE has accomplished.
Increasing cash flow per share by 20% is not what I would call dilution. BTE is combining two successful companies together into a cash flow generating machine. They had no problem getting financing for this new deal. The bankers were all licking their chops trying to get in on the action. BTE had to upsize the deal from $750 to $800 million. That is a very positive sign. The bankers know. They understand what is being created here and that oil is not going to disappear anytime soon.
They all seem to be ignoring the recent green nonsense that financing Canadian oil and gas is a bad thing to be doing.