RE:BTETHANK YOU for the most intelligent comment I've read here in ages. Time for the cockroaches to disappear back behind their lap tops in Mom's basement so adults can share info and thoughts on BTE and CDN O&G in peace...Oh bit Shorters can suck on this while their at it! When Motley Fool starts pitting out positive pieces about BTE (their favorite punching bag for past 2 years)....You KNOW a positive turn around is imminent. The dust has settled. Now all we need is a conservative federal Gov and TMX to be finished. About time! Could be worth the wait...in OIL ;)
Singidunum wrote: We all know this is a high beta stock, that can move in either direction very fast. Considering that energy stocks lost 80% since January, risk reward is better than in any other sector. The most important thing that was presented in the last quarterly earnings, shows that BTE will not go bankrupt if oil price recovers in the next couple of years. Also, it is important to note, that even if delisted from NYSE, it will not impact companies operations or TSX listing. I am not saying that delisting is good news, but it has been known for a while and it's priced in.
I am not in love with the company, nor do I treat this as an investment. I have a stop loss. I also don't think it will go to $4 in few months. I also don't think oil price will go to $60 anytime soon. But, if you play your cards right, there is a lot of money to be made in this one.
I also like NVA, which has performed great in the last 2 weeks (from 0.65 to 0.85), I am stil holding with a stop loss.
I assume there are other cheap plays in energy sector, that can make you a lot of money. Instead of pumping or smashing bte or any other stocks, use this forum to share ideas about energy sector stocks. Good luck to all....