RE:Debt and O&GYes I know that debt can be a good thing jleer42 as long as the borrowed money returns more future income than the debt service costs. This is how Besos built Amazon. He took on huge debt, showed losses for years but his revenue growth kept on ballooning upwards as did the sp because investors knew that the future income potential was enormous.
If we see revenue and reserve growth with bte then this sp will go nuts if macro conditions are stable and predictable. Bte is in a great place, in my opinion, investing in Eagle Ford. It's the macro stuff that bugs me.