RE:RE:RE:RE:Ok oil chart readers? Oil rally or oil bull trap?theoilking wrote: Listen carefully, I am not fighting you and simply stating just because the stock is been thrashed there is no reason to believe or state there may be an elephant in the room.
If I am given reason to think otherwise, I would reconsider.
i am not making up lies about your trading history but just saying you can't look for conspiracies or elephants as that creates blinders and clouts your judgement on your trading.
It's simple they ran it up and then back down again and need a higher oil price but BTE will have a future.
I've learned I have to play by my own rules as SH doesn't police their site and to see what's happened to this board makes me sick.
Cheers and no need to reply if you don't want just stating my two cents worth.
BTW I have asked many questions that haven't been answered , when I first came here I brought up concerns on BTE's financial health at these oil prices but nobody was to quick to discuss any of that.
We can discuss the facts and what we know as far as any elephants in the room which actually could be present but unless they can be validated there is many other facts to discuss
Don't even bother trying to reason with prolapse ,it is a waste of time. His history has shown he has no aptitude for the reality of anything that might disagree with his opinion. He automatically launches into tirades about bashers,pumper's, paid scammer, as a matter of fact you will see his reaction shortly.
In in my opinion the debt and debt alone are what is punishing this company. It gas a debt to cash of of around 7 when the our group ( similar Volume) is about 3 times debt to cash flow, while a major bond is not due for a few tears, it's two years closer than it was due in 2014 and since that time they have bled cash by not drilling in Canada and shutting production.
Lets ts be realistic here, there is a finite amount of money to invest and that cash is being deployed where debt and costs are lower and no albatross of baloon payments are ganging over their head. There are a number of dividend paying oilco's that are paying out less than 100 % of available cash. There are also a number of oilco's who gave big,long term investors like CPPIF who participate in cash raising to maintain their proportionality.
I was was an owner of Bte when they bought Aurora and increased the dividend after the sale finalized and the debt was added to , but oil was $100 and now it's $40 ish and this is not the same company and tie I'll be years for them to dig out of this mess, even a buyout will only benefit recent buyers and the closer we get to 2021 with oil ,even at 50 or 60 the viability of Bte is in question and EVERYONE knows it, except maybe a few here who dos not either face it or understand it.