RE:Main reason for BTE drop1234bmth wrote: IMO the main reason for BTE drop is that at the beginning of Ranger Oil acquisition management said $1B FCF at $75 WTI, now they are estimating $575M FCF at $75 WTI, this is almost 1/2 of what was initially promising.
yes, i had a series of posts about that a few weeks back....that FCF number changed in early december and for some reason I didn't catch it at the time. personally I am not impressed with that nor with the company's explanation of it