Comment by
CoachAmI on Jul 20, 2022 8:21am
Looks awesome. Thanks for sharing. I thought BTE was only allowed to buy back 5 million shares?
Comment by
dandu1924 on Jul 20, 2022 8:27am
In the news May 2th 2022, BTE received the OK to buyback 56,300,143 from May 9th 2022 to May 8th 2023. So this about 10%.
Comment by
CoachAmI on Jul 20, 2022 8:33am
Thanks for the clarification. That is great.
Comment by
BayStreetWolfTO on Jul 20, 2022 9:08am
Great work Red. I had a lower Capex number than I believe you're using ~ $175m? Impact will be on FCF. My estimate is down around 125M in capex, Good job.
Comment by
red2000 on Jul 20, 2022 12:26pm
sorry see below picutre missing in my last post. Hope it's ok now ! So if they want to reach they avg. of 84,000 boe/d or so, this is my own calculation In 1st quarter of 2020 they adjust their balance sheet and reduce their reserves value for 2,7B$ base on the number below :
Comment by
KingandBay on Jul 20, 2022 1:36pm
Red, Awesome work, very much appreciated! Would this be the most profitable qtr in the companies history?
Comment by
red2000 on Jul 20, 2022 4:19pm
I am pretty sure in term of Gross Revenues and FCF !!!
Comment by
KingandBay on Jul 20, 2022 4:57pm
Yes and at the same time reducing debt vs growing debt.
Comment by
ManitobaCanuck on Jul 20, 2022 5:01pm
Good Work Red ,Great analysis :) Highlights the potential of this company . In 2020 they were thrown out similar to throwing out the baby with the bathwater from the bathtub.
Comment by
Maxmoe on Jul 20, 2022 11:54am
Hey, wtf, this is useful fact based data. Not hyperbolic opinion and highly suspicious "concerns". Thanks man!!
Comment by
Maxmoe on Jul 20, 2022 12:07pm
Just being picky but share buyback for Q2 is in the bag, reported to June 30. 5,918,476 June plus 3,156,000 from June total 9,074,476 so your 10 million is close enough for rocknroll. Balance must be in cash or debt paydown.
Comment by
Maxmoe on Jul 20, 2022 5:32pm
Maybe red's just a Wiley old coyote and purposefully has a small margin for mgmt to beat expectations. Best model I've seen. A "supermodel".