RE:RE:RE:RE:$3 by augustAnyone who has held BTE for any length of time has seen this before . While last week was discouraging and somewhat painful to watch , I would expect most are still in the green . I will admit having been spooked by the one way insanity we experienced as it seemed like a bigger problem was emerging (liquidity) .
If you are swayed by the day to day then for sure , the sky was falling but for those looking long term , nothing "really" has changed . Inventories are still draining daily and demand is overwhelming supply as we enter driving season . Sooner or later this market will wake up to the fact O&G is essential today and will be for decades to come .
The game of chicken continues , will governments enable the industry or continue to be obstructive ? One way or another the left has got to get their heads in the game and deal with our economic reality , not the wants and wishes of a few .