Post by
topdown99 on Dec 23, 2021 9:28am
Let's review 2021
I remember one year ago when BTE was trading in the 70 cent area , WTI was still trading in the high $40 range and some were warning that we would go lower .
The third trading day of Jan 2021 , WTI broke above $50/bbl permanantly and soon after BTE was trading above $1 . By summer BTE had doubled with solid volume that continued throughout the year and by fall , it doubled again .
BTE debt has been pounded down , FCF is way up and BTE sits on the most profitable new play in the sector with Clearwater . BTE made so much progress it was even invited back on the TSE S&P index .
2021 was a great year and I am hoping for another solid year in 2022 as BTE moves past debt reduction and into the next phase of their plan .
Cheers and good luck to all in 2022 !!!!
Comment by
BayStreetWolfTO on Dec 23, 2021 9:34am
Great summary TD, I hope you and your family have a wonderful Christmas and yes looking forward to 2022!
Comment by
topdown99 on Dec 23, 2021 9:38am
Thanks Wolf , Merry Christmas