RE:RE:RE:RE:RE:RE:RE:New 52 week lowpatenright1 wrote: Piper, don't know much about TET, but first glance debt / cashflow ( annualized from q2) is 5.4x !! vs 2.7x for BTE, for a guy who seems rather risk averse, I am surprised you are buying TET over BTE?
I am not risk averse. I have just been cautiously watching for a bottom until something changed or we got a signal of some kind. If I was risk averse I wouldn't even consider BTE. BTE is way too leveraged, IMHO. I could go with a SU, HSE, TOU, CNQ, TOG, but to some level all these energy companies are risky in this oil price environment. I just see an opportunity in TET and I have been following it closely, and yes it has different metrics, and debt ratios, but a different story. What I like about TET over BTE is the management, no dividend overhang, insider's buying right now, the small float, and the fact that it isn't listed on the US side, where they are shorting the sh!t out of Canadian Energy stocks with dual listings. I have to admit I also I love the volatility of TET. Good luck out there.