Post by
Unlucky13 on Jan 20, 2021 10:11pm
Come on man
To the guy who thinks there will be a dividend payout, come on man! 500 million shares outstanding, at $45 oil they break even and at current prices get about $75 million in free cash flow. They have $500 million due in 2024. They better out that $75 million they make this year in the bank so they have some in the kitty when it comes time to pay up in 4 years. $75 million if all goes according to plan is 17 cents a share in a possible yearly dividend. BTE used to payout a dividend of 12 cents a month when the share was $10! It was a yearly dividend payment north of 10 percent, almost 14 percent!
The bottom fell out and they took the dividend away. Don't be silly, there is no dividend this year or next year or until the $2 billion in debt is gone. At $75 million in funds from operation that's a penny a month per share. Someone like me with around 75000 shares would get $750 a year in dividends, not with it man. Pay off the debt. Give your head a shake!
Comment by
Unlucky13 on Jan 20, 2021 10:22pm
Sorry, $750 a month! Now we are talking! But will never happen with this kind of debt.