RE:Taking another position in BTE, When?The math is pretty easy here, and the BTE management has done it for you. They plan to hit debt targets in four or five years (maybe sooner if the oil price is well behaved). This company turns into a cash machine if that happens. The payoff could be stellar, but there is an “if” in that sentence.
Who can say what oil prices will do over a four year span?
This is a high risk beta stock, it will be all over the map while we wait this out. Put a comfortable amount of money into it and ignore it for three years.
I’m betting it works out.