GREY:TBTEF - Post by User
Post by
bshort92on Jan 30, 2013 4:43pm
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Post# 20914084
The trend is your friend
The trend is your friend With WTI closing at over $98 a barrel and TBE now trading at under it's 200 day moving average seems like investor pessimism is taking a good grip on the direction of TBE. No heavy oil is probably not a great area to be invested in although BTE received another top pick recommendation last night on BNN. The market seems to be baking in a terrible Q4 of earnings for TBE. The market is also non plussed about TBE's in roads into transporting production via rail. The market shrugs off the buy and accumalate recommendations rendered by most of the 15 analysts covering the issue. The shares are not exactly being accumulated by insiders except for CEO Jim Saunders. TBE has also not announced any participation in any upcoming investor conferences. All told despite $98 WTI TBE's shares are trading at under $35 k per flowing boe. A smart investor who believes in an improving price differential dynamic just might be willing to look at all the pessimism and negativity engulfing the story and actually begin to view an entry into investing in TBE. I'm convinced that TBE has a bit better future than the market is telling us. Most seem content to keep selling...I'm going to be a contrarion and will keep buying at these levels.