Post by
Unlucky13 on Feb 15, 2021 4:03pm
Sorry, metrics have changed
Massive dilution and the doubling of the share count has made the 2016 value with oil at $50 irrelevant. Are you not aware of the massive dilution the stock had?
Comment by
Snowballer on Feb 15, 2021 4:10pm
Are you not aware of the increased asset base and production capacity due to said dilution? Improved balance sheet and positive leverage at higher oil prices. If said prices are here to stay u r fuked.
Comment by
Unlucky13 on Feb 15, 2021 4:23pm
The bought Aurora and that increased asset base before said dilution and the market punished them. I said upside is about $2 at $60 oil if oil actually stays there, to get back to $5 a share we need more like $90 oil. Long term shareholders got screw ed over in the dilution deal.
Comment by
Snowballer on Feb 15, 2021 4:34pm
If oil is at $90 BTE is easily a $10+ stock at higher end of production capacity. If Oil remains between $60 and $125 for the next 4 to 5 years I see BTE hitting $15 to $25 You can thank Joe Biden and Climate Alarmism for higher oil prices for the duration of their administration.
Comment by
Unlucky13 on Feb 15, 2021 5:50pm
So Biden is the businessman now? I thought Trump was God's gift to the economy? All Trump did was make oil go negative and erode all shareholder value in the oil patch.
Comment by
Calgary1111 on Feb 15, 2021 5:11pm
No I was not aware but now I am assuming it was really bad, I'll be heading for the exit tomorrow.