RE:RE:RE:BTE earnings this week If you have not seen any torque in the year (1 year chart) as you state....maybe you and those with "no" luck should sell...
...and the aliases await
Wildfury wrote:
Yes the 3,6,1y chart looks good but don't forget, how many bought at. 42 cents? This stock will not produce 400% gains going forward. I know some on this board brag about buying hundreds of thousands of shares under 50 cents which I highly doubt. Some brag about their yachts, ect, ect. With Baytex trading on the TSX 60 index I assumed that there would have been a strong interest and run up in the SP that so far hasn't materialized. What happens when Eric Nuttall pulls the plug? He has publicly stated that he's BTE'S largest shareholder. What I'm trying to say is if Baytex has this great Clearwater play that's producing a mere 3,000 bpd, has proven reserves of 500 plus millions of oil equivalent, trading on the 60 index, debt levels dropping and trading under $5.00 Canadian is a joke. This stock will never hit $10.00 because the shorters and everyone else would sell it long before it reaches that price and Eric Nuttall would be the first one out. That means no large shareholders and no support period. To top it off, we're at over $90 oil and under $5.00. If I said BTE would be trading under $5.00 at $90 plus everyone on this board wouldn't believe it. The true fact about this stock is that the higher the shares climb the higher the shares are shorted. For over a year I've been patient, kept hearing the shorters are going to get burned, TORQUE, TORQUE, TORQUE? Haven't seen any yet and wonder if any will ever come. This SP is trading at less than 3x earnings so what's wrong with this picture.