RE:RE:RE:RE:RE:7.00 COMINGtracker11 wrote: I'm hoping for $7:00 or lower...Just because I missed the buying opportunity after the Brexit vote (still kicking myself on that).
So many positives, book value at $11.47, earnings (positve hopefully) out soon, oil only one way from here and that's up, one of the heaviest traded stocks in the TSX.
It's only evident that anything positive can and with only 270 M shares will throw BTE back to where it belongs.
That's it...I've already convinced myself. I'm mortgaging the house.....LOL
Tracker
If you are so bullish on BTE, why wait until it gets to $7? It may never get there and then you miss on the upside. That's only a $0.28 decrease or 3.8%. You seem to think share price will appreciate significantly if you are willing to mortgage your home. I don't see how the risk of missing out on massive upside is worth a potential extra 3.8% gain in an attempt to perfectly time the bottom. One has to think we are at the bottom at $45 oil. There is no fundamental reason it should even be this low. It is oversold now due to panic in the global markets, largely due to Brexit. Fundamentals of oil are actually stronger now at $45 than they were at $52 and people were buying then. Buy low, sell high dude. Investing 101.....and this is low!