>Sorry for the potential noob question but at 380k net revenue...

>Sorry for the potential noob question but at 380k net revenue per day that would place the yearly net revenue at approx $138 Million which is essentially the BYE market cap.

Those figures are based on current oil prices. An argument could be made that oil is very expensive right now. And expensive oil means money going into more drilling, which increases supply and therefore reduces future oil prices. If this was to happen tomorrow BYE could be left high and dry with debt needing to be serviced at 20%. Prices maybe also be high because of the war with Ukraine. If Putin were to slip in the shower, on some bullets, and be replaced by a western puppet, the price of oil could again fall overnight. Also did you not get the memo? The world is going to be carbon neutral by this time next decade. Why would you invest in a company that has no future, producing energy in a form no one needs?

LL futures have the price of oil dropping to $US78 by march 2024 from $US90.35 in Oct 2022. Meaning the wisdom of crowds thinks the future oil price is a lower one. The 10 year US treasury notes are going up, hitting 3.354% which kills US demand. At the same time the DXY is rising killing foreign demand.

For me I don't see Russia rejoining the western world. And that means indefinite expensive oil, which ever way you look at it. I am told the US is brining a lot of industry back from China. That build out is going to require a lot of energy.

All disclaimers.