RE:RE:RE:RE:RE:Heavy Banana - BTE needs to actually deliver Thanks for the clarity . Overhang is becoming less .Share count has dropped from 867mil to 785mil approx .
If WTI holds above $75 , I expect another 120 mil approx to buybacks in q4 . 25 mil shares bought back and share count reduced by 100mil shares in 18mths after Ranger acquisition.
Also they have 250k acres in Duvernay producing 4kbpd oil and can easily ramp up . CVX produced 60kbpd from Duvernay with 225k acres and sold as package deal to CNQ for 6.5bil US . Duvernay itself if developed is worth 3bil . Compare this to mkt cap of 3.6 bil ,debt 2.4 bil,6bil EV approx .
EF assets itself at 50k US pFB are worth 5.2bil C$ plus 1.3bil approx for Clearwater,Viking lloydminister .
Doing sum of parts itself EV should be 9bil approx or almost 8 bucks/share