RE:so much for the big pop !Ocalaman wrote: Oil has been lower all July then any time in Q2, Now the fat hedges are falling off and new ones at lower volumes and price will test this stock for the balance of 2015 and into 2016 unless oil goes back to between 65 and 70 when this company can work properly. I see no reason to rush into it right now . If you read Shells report this week they are calling for lower , longer and cutting deeper into overhead than previously expected. Even thouygh SU surprised everyone they are cutting deeply into overheads now as well, Its htier buyback that propped up the price today but that will wane away as well.
Agree Ocala. I think BTE will cut the dividend eventually. They are the last one's holding on. Why?? I would rather see it cut. Even Tourmaline has no dividend. TET cut their's too. Better management. I am leaning TOU as my play when I go long. Maybe some BTE too. BTE will likely have more gains, but more risk too. I will see. I am trading BTE successfully right now. I have pocketed over $1000.00 today so far buying in the $12.40 range and reselling $12.50 range.