RE:RE:RE:Surprised This is the easiest and most obvious trade I have ever seen in 40 years of investing.
I started this trade in 2015/2016 and have been adding heavily in the past two years. I expect the trade to take about 8 years with great profits on the books, but nothing compared to what is coming in the next 18 months.
riski wrote: Trading very strongly as the market is now seeing the value here and elsewhere.
Recall that BTE had trouble holding $6 when oil was over $100. Now pushing for $7 with oil in the low $80s. The strong USD helping a little.
Despite all this, STILL undervalued.
As I have mentioned many times here before, the price of oil doesn't have to go up for BTE to become more valuable and the share price increase. They are making so much money at oil above $70 combined with growth in the clearwater that the share price will continue to march up even if oil drops into the $70s....which I doubt.
This has got to be frustrating for traders who have been sitting on the sideline with the thesis that Biden is going to tank oil into the election and that will be an opportunity to buy in for cheap. Biden is having success tanking oil, but the market is smarter than that and is not going to give away shares for cheap when there is money to be made.
Ladies and gentleman, we are going way up this winter. See you at the top. :)