Post by
Singidunum on Aug 14, 2020 10:16am
BTE
We all know this is a high beta stock, that can move in either direction very fast. Considering that energy stocks lost 80% since January, risk reward is better than in any other sector. The most important thing that was presented in the last quarterly earnings, shows that BTE will not go bankrupt if oil price recovers in the next couple of years. Also, it is important to note, that even if delisted from NYSE, it will not impact companies operations or TSX listing. I am not saying that delisting is good news, but it has been known for a while and it's priced in.
I am not in love with the company, nor do I treat this as an investment. I have a stop loss. I also don't think it will go to $4 in few months. I also don't think oil price will go to $60 anytime soon. But, if you play your cards right, there is a lot of money to be made in this one.
I also like NVA, which has performed great in the last 2 weeks (from 0.65 to 0.85), I am stil holding with a stop loss.
I assume there are other cheap plays in energy sector, that can make you a lot of money. Instead of pumping or smashing bte or any other stocks, use this forum to share ideas about energy sector stocks. Good luck to all....
Comment by
Maxmoe on Aug 14, 2020 11:21am
Speaking of delisting, mr deep blue, aka deep in the red. How is that share roll up ovv did working for you ? Bahaha. FYI, there is no reason skittles,shittles the ceo of ovv moved the head office to the USA other than so he could go home for lunch. OVV will delist from the TSX soon since nobody, including index funds, in Canada owns it anymore. Go pump your ovv.