Reasons to be bullish or Bearish
Buying any stock or even broadly and investment entails looking at strengths and weakness of the investment itself, the general industry and the broader economy. Let's Talk BTE. How is this company doing, ask your self. The answer is debt is reducing quite well, production is increasing and they already started shareholder returns buying back million of shares. Their current presentation put cash flow 2023 comparable to this year 2022 with lower price for oil in ther estimates. Industry: oil and gas is doing well. All the us commerical inventories product and crude is below 5 year average and this is after record draw down from SPR. Broader Economy: this is where the greatest risk is currently. Rising interest rates can derail demand. Thus far they are mitigating factors to handle this. OPEC + is ready to cut production, europe may have record switching to oil for heating giving gas shortages. From this I am bullish on BTE future, largely given their improved debt position and shrinking float. Do yoir own dd, this is not investment advise.