RE:RE:RE:History loves to repeat itselfREALLY? You are down that much? How do you sleep at night? You must earn a good salary or independently wealthy. LOL. I hope and pray you are correct my Friend, I really do. BTE has been the single worst investment mistake I've ever made. Down 75% currently. $50k. It's a tonne for me at my stage of life (pre-retirement). I've been holding for over 2 years and BTE has just gone from bad to worse. Averaging $2.80 /$2.60. Lost lots of sleep over this one. Just kept waiting for a miracle. Stupid
Boulter wrote: GotNoPension wrote: Sadly
cdnkeswick wrote: Many millionares have been made from oil and I plan to join them go big or go home I say
Why sadly? I agree with him. I have about $800K in oil and gas with a cost base about double that. These positions would have cost about $15M circa 2014. In other words I have assets cuirrently valued at 1/.20th 2014, cost 1/10th 2014. Many say "it is different this time": EVs, Tesla, Uber etc. Is it really though? This year notwithstanding, global consumption keeps rising about 1Mbbd, not bad for a dead industry.
Anyhow, the end will be revealed in the fullness of time. Will I have zero or will I have $3 to $5M if all the lack of investment eventually garners higher prices, as it always has for the past decades. As always, if this turns out to be the opportunity of a lifetime, most will either not see it, or be too scared to act. See you at the finish line.