RE:Anyone know why...CoachAmI wrote: ....BTE gets hit so much harder (% wise) than it's peers in these down times? Yesterday, it dropped double (% wise) than many others that I was watching.
If you read the two presentations of BTE and CJ (or any other company that is unhedged, low float and low debt) very thoroughly, i think you can come up with a better answer to your question than what is being offered.
It is very apparent that even many analysists or bloggers that write about some of these companies have not read the financial statements themselves but are regurgitating what others have incorrectly implied.
It is human nature to spin the positives of a company that one is invested in. You can get a lot of good information from these discussion boards but always keeping in mind that most of what is offered is self promotion. If you get in the habit of fact checking what is said (either positive or negative) and reading and comparing financial documents from different companies it makes it alot easier to ride the ups and downs knowing that you have done your due diligence and not be swayed to buy or sell by what others spin.
Some things you can't control but don't let others control the things that you can by being prepared.
Sorry for being long winded, but seeing this question i could almost anticipate the answers. None of the replies answered your question IMO. I think you can get a much better answer by reading and comparing a couple of financial statements.
Microsoft PowerPoint - August Presentation.pptx (baytexenergy.com) https://stockhouse.com/news/press-releases/2022/07/28/cardinal-energy-ltd-announces-record-second-quarter-2022-operating-and-financial