RE:RE:IF You Thought That BTE Would Have A GREAT FINANCIAL Quarterfrom my point of view:
- the LEGACY BTE shareholders (PRE - RAGING RIVER EXPLORATION) were OPPRESSED as they OVERPAYED {by ISSUING TOO MANY SHARES} as they became MINORITY SHAREHOLDERS in the COMBINED ENTITY [A MASSIVE TRAVESTY]
- so my take is that this MERGER was a MAJOR SETBACK which EXCESSIVELY DILUTED the BTE shareholders and the OUTSTANDING share count
- the Ranger Oil ACQUISITION 'seems' to be a MUCH BETTER TRANSACTION than the Raging River Exploration one
- however, a MAJOR HEADWIND for BTE shareholders is that BTE NEVER RECEIVED the FULL REVENUES of their crude oil SALES {especially during peak 2022 prices} due to a FORCED HEDGING PROGRAM which 'could' of MADE an IMPACT on LONG TERM DEBT
* the PRESENT hedging scheme is MUCH BETTER FORMULATED
z173