RE:Will BTE go up to $9 again in the near future?Freshman01 wrote: Any thoughts? Plan to start long term investment.
W are you concerned if BTE will go to $9 short term if you are planning to start a long term investment? Long term, there aren't any better plays imo. Oil will certainly not be staying at $46 for very long. The recovery is well underway and we should see a large increase over the next couple years. BTE is one of the torquiest oil stocks on the TSX and will consequently surge over the next couple years as well. This could be $25-$30 in 2 years if the recovery continues and they bring back their dividend. Some people predict even higher. Good luck with whatever decision you make.