RE:RE:RE:RE:RE:BTE assets sales 1234bmth wrote: The decrease in value of these assets are already completely baked in SP, that's why SP is $3.28 not $5.50+ which is way lower than the fair value of the company, this means BTE SP has already been penalised for it, so in this situation BTE has 3 options to utilise these assets and creates value. 1- Puts effort to reduce costs and continue to operate these assets. 2- to reduce production from high cost assets until the oil price goes up to at least $75+ and. 3- sell some of these non core assets and reduce debt. The SP may not go down further if WTI holds at $68+
The Share Price Isn't Baked In At $3.28,We've Had The Shorters Come In And Take Advantage Of The Tax Loss Selling And Yes We Should Have Dumped Some Non Core Assets When Oil Was Higher, Just Goes To Show What Kind Of Management We Have.
TVE Dumped Some Non Core Assets A Few Months Ago And Put The Money Towards Debt And The Share Price Has Been Rewarded.