RE:Summary of Recent Comments on BTE by Eric Nuttall....Wait a minute. I don't think Eric Nuttall ever used the words "I respect him". What else is Eric going to say about the CEO of a company that is one of their largest holdings?
Eric never refers to the cost of "E & D" in any of his statements about the worthiness of the company. Their "E & D" cost sounds sexy and also questions why they are not paying down debt fast enough but the real story is that most of the money is being spent on keeping the machinery etc. running just to extract the oil for sale. Then one has to ask why the concise breaakdown of their "E & D" is not fully disclosed. Because it is going into the pockets of those who benefit from supplying the "E & D".
This company doesn't care about its shareholders. It only cares about the inside boys stealing from the cookie jar right under your nose.
Eric is wrong and I wish he were right.