Post by
Hendrick3 on Feb 24, 2021 5:21pm
Year end Results
The year end results were pretty weak but I don't think anyone will care about that as they are looking ahead at $250m in free cash flow this year or just under 50 cents per share. I noticed a new tone which was no more growth for growth's sake. They seem happy to just take the extra cash flow and pay down debt which is probably the best way forward for their sustained health and the health of the oil price. I think we will see most companies take this approach.
Comment by
Poutinefrog on Feb 24, 2021 5:32pm
Paying off the debt is very important!
Comment by
topdown99 on Feb 24, 2021 5:34pm
I've been saying that for weeks now , looking back means very little but looking forward , 50 cents/share FCF is impressive . Even with today's bump in SP , BTE is still only trading at 2.5 times cash flow and that is way too cheap . The reserved tone is great for the market as well , hold production and pay down debt . As Hendrick said , that strategy is good for oil prices too .
Comment by
Poutinefrog on Feb 24, 2021 5:40pm
Thanks! For the info dude! So, no need to sell anything yet!