there is selling of oil companies... big timewhen the market sells, they pick the worst, highest leveraged companies to dump first and most.... BTE, MEG are at the top of the list....
both will fight to simply survive... they will never repay the debt from operations.... so will go into full on fire sale to pay down the debt.... that means all the best assets get sold... BTE is simple... the only bids will be for the Permian acreage.... so when the dust settles... you will own BTE stock, but BTE will only own the heavy oil assets cause they will sell the best assets....
gawd do want to own BTE when it is all heavy oil in Cdn? as a lot of investors see this as a probable out come they are selling now.... before the event.... cause when the sale event is public.... well.... there will be zero bids for their stock...LOL
Glad I bought into little old TAO recently.... only a few months or so ago.... it is on a rocket ride and they divy'd out shares in a company they controlled.... I got free shares in that.... plus the stock has taken off.... in this weak market for oil stocks.... that is because I can pick these gems.... even in a bad market... it you own the right company you can make money.... like me.... but you need help... cause you are stupid... as proof of that, you own BTE...LOL so you are stupid.... so best just follow me and stop buying junk... cause you obvioulsy are not a smart bunch here....LOL
go TAO.... to the MOON.....LOL
dummies... own BTE... some stupid....LOL