RE:Takeover targetpatenright1 wrote: BTE has been beaten much harder than most with almost no reprieve, and it makes me think it might be getting bought as I have seen this behaviour many times in past, one ie. was Daylight Energy that was pounded with no remorse from 10 to 4 in 3 weeks and then was bought at $10. It could be that some in the know, know BTE will be bought and are shaking the tree hard to grab cheaper shares before a buy out.
Yes the shaking of the tree is definitely happening in BTE, no doubt there. The retail investor in this energy stock is taking a beating. It takes a strong retail investor to hold thru these troubling times. Let's hope it is all worth it. Last downturn it hit $12 something and rallied to $24 ish, in a few months. Now this second dip in oil prices has everyone scared that there is something different this time. Well maybe, but I am gambling that BTE can make it out the otherside and I can hopefully cash in on 80% minimum. I am not here thinking there is a buyout imminent. I did catch the TLM buyout though. Let's hope that lightning can strike twice.