Post by
riski on Mar 04, 2024 6:24pm
Insider buying
Some strong insider buying today. Greager and colleagues putting their money where their mouth is. Opportunity knocks as retail sells off on an excellent earnings report that beat on production and capex. You can't make this stuff up.
BTE execs are doing everything they said they were going to do and more. Yet the retailers panic over the journaling of a simple accounting procedure to SAVE the company tax expenses in the near future.
Notice how not a single analyst has referenced the write down as a negative part of the earnings report?
I can understand why the insiders are all over this share price along with institutiona; buyers. Knowledge is king and those who know reap the rewards. The naive get robbed again.
It was ever thus.
Comment by
dandu1924 on Mar 04, 2024 6:27pm
Do you the link of those insiders buyers. Thank you
Comment by
jmaan on Mar 04, 2024 6:29pm
Well if that's the case then that's about the best news in a long time!
Comment by
1234bmth on Mar 04, 2024 8:32pm
They have been buying since the Ranger Oil acquisition and it is not doing anything to the SP, in contrast the more they buy the more SP goes down, example is today, we don't need insider buying, we need good performance of the management such as reducing costs, increasing production at the right time, reducing debt as fast as possible.
Comment by
dandu1924 on Mar 04, 2024 9:07pm
Serious problem here, whatever the magagement did= NOTHING except down the share price ex: the buyback, the dividend, the earnings, reducing the debt ect= NOTHING. The FCF is too low, the market does not want to wait 5, 7, or 10 years again before to get some return because the risk in the future is uncertain. Mostly the BTE news are not good or positive, always something wrong.