Q: your view on hwx news, recent target drop on tve, and comment on bte please
consider this 3 questions.
thank you
consider this 3 questions.
thank you
5i Research Answer:
HWX comments are now posted; TVE comments are here from last week. We would consider BTE 'OK' but not particularly interesting. It is not our favourite stock in the sector, but certainly priced well, and it re-started its dividend last year after an 8 year halt. Debt is still higher than we like and higher than peers and this holds back our enthusiasm somewhat. The stock hasn't done much but it does have very good leverage to oil prices.