RE:RE:RE:RE:RE:Why aren't we over .80 cents?Maxmoe wrote: You can't possibly be a baytex follower very long if you don't know the sad sad tale of "unlucky" himself. The tales of the gambling addict that lost 300 grand, then his tax refund, then money he borrowed from his elderly father and so on. It's totally fake and he must have the most ignore user requests of all time. By far. So yeah, your little tale of woe reminded me of the famous user named unlucky.
Boulter wrote: Maxmoe wrote: Hmmm that story sounds a bit like unlucky junior. Lol. IMHO, you have too much money in one stock unless your portfolio is in the millions. Maybe you'd be less fearful if you owned a little basket of energy names. If it helps, forget what you paid for a stock, and focus on the current price and whether it's a "buy" at today's price. Good luck
Boulter wrote: OilInvester wrote: Whats holding this thing back. Oil over $46
Have to wait for all the short term people to do their thing. Like whoever purchased the 80,000 shares at $0.54 from that lad on here a week or two ago wants to take his "profit". And many like him. All the traders have to battle it out to, as time approaches infinity, a collective zero return, less trading fees. We investors just have to sit on our hands and wait. I haver added 133,000 over four tranches of late at $0.54 average to reduce the cost base over all accounts to some number under $2. I'd have to look it up. Amazing, but I am this far in the hole on this one yet my break even is under 1/25th the 6 year high. Low prices cure low prices I am told. Been 6 years since I first puirchased a BTE share. Will I be rewarded on this one, or will it go to zero? Stay tuned LOL.
I am curious. From what I wrote how did you come up with:
I am young "junior"?
I am fearful?
Too much money in one stock and not a portfolio in the millions?
I don't own a basket of energy names?
and finally
the whole"forget what you paid ... 'buy' at today's price" comment when I stated explicitly that I have been in BTE 6 years and added 133,000 at $0.54 average, or demonstrating exactly the point of this statement LOL.
Tale of woe? Heavens no, it is a tale of wonder. Sure I am down about half on my cost base of $1.44, but the more interesting fact to my mind is that this 1/3 million shares of BTE would have cost $20,000,000 circa 2014. Fossil fuel energy might still be a thing for a few more decades. Might still be a cyclical resource industry. The lack of capital in vestment these past years might lead to a reduction in supply. "It's different this time" might still not be different.
I first purchased a share almost 40 years ago. Fossil fuel shares circa March this year are likely the greatest investing opportunity of my lifetime. My portfolio is up 5 fold from under $300,000 to $1.5M, albeit still down about 1.5M from peak about 3 years ago. Even if BTE fails, I still have 9200 SU, 20,000 OVV, 126,000 PEY, 4600 MX and 3000 ENB (approx numbers).
Anyhow, don't do this at home. My life circumstances are very unique where a great pile of money will bring joy via a legacy, but bankruptcy no particular heartache.