RE:BTE compared to WCP Eric is full of BSThe dude needs to justify his fee to his plebes . So he recommended and bought WCP then sold it . Now he has to buy something else to show that an active fund manager is worth his fee, which he is not of course. Proven time and time again to not be the case but the peons are convinced it'll be different this time. He's a hamster on a wheel . There's enough gullible people to make the little baby face a boat load of money . Good for him.
ppp wrote: So BTE is the number 1 pick for EN, Here is why WCP is a better buy.
Based on Q2 numbers
1 EV per flowing Q2 BTE debt was 1.123 bil, MC 3.564 EV 4.687 bil ,production 83.090 works out to 56,000 per flowing. CFper share 63 cents.
2 WCP debt was 674 mil MC 5.753 bil EV value 6.427 bil production 132,293 price per flowing 48,000 CF per share 1.08
So why would one buy BTE over WCP. The thing If you run the proforma numbers on XTO for WCP and compare them to BTE, WCP blows BTE out of the water.
So EN, Why would I buy a company that has much less CF per share and trades for more money per flowing.