RE:RE:RE:RE:RE:Joseph Schachter...bago wrote: Never a bad idea! I'm not trying to bash BTE but you have to be flexible as fundamentals change and we have to adapt with the times. Right now I want to own some that can finance themselves at 40-50 oil and not be going backwards with their financials. BTE is been a great company over the years but the last couple of years the cards they have been dealt are not pretty and have to maneuver out of this hand. I have confidence that they will but need help with a higher oil price and some asset sales....glta
Your right, and the longer oil stays in the 40's the shine will come off the Baytex apple, and eventually there might even be some worms, but that would be a long time down the road lol, they are holding in there, but thats basically what they are doing right now, just holding on and mantaining... Companies like WCP and CPG are doing moderately better, but not that much better in my opinion. But sometimes you are better off with a company that is swimming barely rather than one that is nearly exhausted and is asking for a lifejacket... Sorry for all the metaphores.... But in the case of oil stocks its hard to resist. I have more if anyone wants to hear them !! : )