RE:RE:RE:It would appear BTE has reached DOG statusYes, BTE is unnecessarily maligned in the January doldrums. Same as last year before increasing 200% by June. It's the nature of a name that has high volume and high beta. It attracts short term traders who buy and sell on sentiment/momentum rather than value.
BTE is making tons of money at $80 oil. The balance sheet is now strong and the clearwater is providing explosive growth at just the right time.
Traders seem to think the value of this company is directly tethered to the price of WTI, but each day that goes by adds cash to the kitty and increases the value independent of the price of oil which won't be ignored. We don't need oil to go higher to see the share price more than double over the next 12-18 months. $80 is a great price.
BTE is a cash machine at $65. $80 is very profitable. Let's enjoy the $80 oil and know that the market will reward those who have the courage to keep their wits while others are losing theirs.
TheWokeLemming wrote:
SmokeyOB wrote: All the mid caps are getting slaughtered just a waiting game now.
Not true. Down maybe but not where BTE is. For example, my CJ is down less than 1% and that's after a nice run up off the January 4 lows. BTE on the other hand is almost right back there. Woof woof.