RE:RE:RE:RE:RE:BTE Will be Acquired Soon!Ztransformer wrote: 774m O/S as of December 31, 2024
If this year WTI averages $75-80/bbl, should bring approx $600-$650m FCF (additional upside given higher NG prices and BTE exposure to gas production).
With 50% going to debt reduction (LofC), leaving $300m for stock buyback. Should be able to buyback 70-80 million shares at current SP bring share count below 700m shares. Almost 20% reduction in shares after Ranger acquisition.
z172
Its ok to dream, I perfer to educate myself, But post is more on DELUSIONAL side.