RE:Unlucky13You obviously didn't buy at $50, opec can go either way and it's a faux rally until oil is sustained at these prices. By Monday bte could be back at 99 cents. The option is to sell now and buy back under a dollar and profit that way. I could have done that 20 times with this stock over 5 years. I need at least $5 but selling here and buying back under a dollar saves me 25 cents. If I pull off that maneuver 20 times I have my money back. BTE went to 95 cents in 2020 to retreat back to 40 cents. I see the same thing happening if oil retreats following opec.
You obviously bought under a dollar and are clueless if you think they will pay a dividend next year. If they make $250 million this year and that's a big if they have to bank it because they owe $500 million in 2024. If they only make $400 million the next 3/4 years they can't pay their debt and will likely have to go dormant or bankrupt.
Many bte investors have already jumped off bridges as it has lost 98 percent of its value and everyone here is playing the flogging game to see if the horse is alive.