RE:RE:RE:RE:RE:$6 resistance It's true that the average WTI price for Q3 is $10-$12 lower than current front month with according cash flow, but keep in mind that the market discounted this company after the acquisition for any number of excuses that persist to this day. Probably the chief reason is the uncertainty about the numbers presented in the merger presentation and the natural instability a private acquisition causes with due to overhang from Ranger shares hitting the market.
If they hit those presentation numbers or come close, the stock price is really going to take off while everyone models a new cash flow beast selling at a deep discount.
Q3 report could see a significant upward re-rate of 10% or more which would still leave it undervalued.
I'm looking forward to a brand new era for BTE.
dllscwbysfn wrote: I just don't want people's expectations to be too high.73$WTI is not that great. But Q4 currently averaging around 87 now that will be a great Q. That extra $14 multiplied by 150,000 barrels/day is killing it!! Imagine everyday making over 1 million dollars MORE in fcf greater than Q3.
My point is to be patient, Q3 will be good ..........
Nextlegup wrote: Re Q3 will not be that great...?
I disagree...It's relative!
This will be the first full quarter of results that will include the acquisition, and although the results will not be as good as Q4, it will show the scalable massive revenue BTE is generating, and debt being paid down.
When you compare the cashflow to the other sectors in the market...I would argue that we are killing it!
Show me another sector that is going to mimic the same results?
TIme will tell...
GLTA