VEREN had decent results and yet???VRN had what was called in-line results as per initial analyst commentary . Of note, VRN is continuing to drill some of the top oil wells in the MONTNEY as is returning 60% of FCF to the shareholders. Their divi is near 5% but (like BTE) they have a sizable debt load.
End result, HI of the day $10.58, low $10.14 and is still down 25 cents EVEN WITH WTI RECOVERING from a drop of more than a $1 and now up 48 cents...just what will it take for these stocks to align with analyst targets???
BTE shares at least some similarities and i expect decent , in-line results from them as well. More importantly , will they get the same kind of "no love" from their results??? Right now, BTE is still sub $5 and its looking more and more that the market still sees DEBT as a major concern for BOTH of these entities..thoughts??? dwdc