RE:RE:BTE Valuation, Other CalculationsDear 1234bmth - first of all you are a nincumpoop having 2 year old child's brain.
BTE supressed SP is because of: 1) higher debt as result of Ranger acquisition, 2) CRA tax reassessment (to sme extent), 3) Algo trading, 4) Stupid market/retail thinking poor Q1/24 result despite management's guidance (Q1 was front loaded Capex heavy), 4) JUNIPER overhang (first tranche was sold last year around Sept).
I ASSUMED 70% increase given FCF delivery over coming three quarters (~$700M) carrying into next year, debt reduction, share buybacks and hopefully $75-80/bbl sustained prices (fundamentals support this IMO). If you don't get, you don't get it!
Let's see by the year end continuing into 2025 summer. Market's waiting on remainder 2024 financials. Takes time for company post acquisition to stabalize and showcase synergies. Nincumpoop penny retail flippers like you won't understand sadly. Low supressed share price --> more oppurtunisitic buybacks. Super looking forward to Q2 result next month!