BTE will pop!
It is just a matter of time. I have noticed oil stocks on my watchlist that have lagged eventually outperform and stocks that have outperformed even just for a few days will underperform for a few days. Most here think BTE is underperforming lately. It was up 2.58% today. Compare that to WCP +0.89%, KEL +0.64%, TET +1.66%, POU +1.74%, CJ +1.61%, and right there with CPG +2.99%. As you can see, BTE, even on a day regarding as lagging, it has outperformed most of its peers. It did underperform MEG by 2% today. Not a massive difference but don't forget BTE left MEG in its dust for a bit. MEG seems to be a bit torquier. Usually larger upswings but always larger downswings. BTE outperforms MEG on every down day. I think you guys are forgetting this stock has QUADRUPLED in 3 months. It blows my mind that people call this a piece of chit. What kind of returns are you guys seeking if a 4 bagger doesn't cut it??? $50 WTI is extremely significant. We are in for another drawdown in inventories this week which will make 2 consecutive draws. We will see draws in the coming weeks as well due to the massive supply disruptions in the oil sands, Nigeria and Venezuela. Demand is growing more than expected which is led by India. Major demand in India with 400,000 bpd higher than expected. Oil will continue to rise. I think we will see $50 this week and possibly mid 50's by the end of Q2. At year's end, we could see $60+. BTE has nowhere to go but up. Patience people. Institutional money is starting to flow in. $50 will be a super catalyst that will send major money into the sector and levered stocks like BTE will be the place they want to be. It is a dangerous time to be trading BTE since one can miss a major run up that can happen very quickly. I agree it seems like it is being held back a bit and is lacking the same torque it showed the past few months but that kind of appreciation is extraordinary and may never be replicated. We are in for a ride! Be patient and hold on. It's coming! Good luck guys!