Relax Longs Thesis is intact For what it's worth
I posted the following ( see below) 1 year ago on Dec 28th...responding to another poster ...
so one year later we close at $6.08 versus $3.66 or thereabouts : approx 66% upside despite SPR and China in lockdown
I think most of what is below still very much applies ...let's see where we are 6 months from now , then a year from now
medium and long term catalysts are ALL in play and point to higher demand and tighter supply
1) Opec is in control of price globally
2) CAPEX for oil exploartion and development is depressed limiting supply medium and long term
3) oil demand is already near pre covid levels and is increasing medium and long term as well
4) oil stocks are at historically low valuations...this could chnage to the upside
5) Free Cash flow at $65 plus oil is huge $$$$$$ for Canadian oil companies
6) the market in general looking past Omicron for a reason
7) companies are either paying down debt/buying back shares and or increasing dividends
...all above points suggest higher share prices in the future ...maybe not tomorrow ( as you seem to be focused only on the day to day girations ) but in the medium and long term
BTE is up from 66 cents to $3.66 in one year ...do the math on that and perhaps you won't call a stock with that performace a DOG ...and stop whining about your losses to date ..be patient and stop talking down a stock that is a clear uptrend
Good luck to the longs and Happy New Year