RE:Is BTE too risky to buy ?
Depends on your timeframes? Daytraders will trade this stock hard. If you are short seller, yes, risky here because that's not long term position at all.
Investors like me look at BTE as a great US WTIC play with a solid base in Canada ready to turn back up.
The debt is only an issue because before corporate credit is getting tight short term. The debt is due in 2021 so it's a non issue. Cycle on credit should be back to normal on that cycle.
Short term, we might see some even more amazing prices on BTE and all these resources, especially oil.
But you have to be a risk taker and ignore the short term charts and massive negativity. You have to be willing to put up with all the fear and doutbs from the significant short sellers on the sector.
It's not just BTE but that $2.5B purchase of Eagle Ford is killing the stock price because of the perceived risks for the long term debt. The cash flow from operations is significant and operaitions are very efficient.
Don't bet the farm, don't go on margin yes and don't borrow. But if you have extra money for the longer term, this oil stock is as good as it gets. That's why there's millions of dollars of insider buying.
Watch carefully with the larger index charts.