RE:Revised target for BTE is $15 when oil is $50I think this sub $5 stock will hit 20-30 by the end of 2017. If you are looking for amazing gains without the risks of small and micro cap stocks, something like the billion dollar Baytex trading in the hundreds of millions is a good one to consider at this time.
The ability to find and requote these charts is the reason I actually find Stockhouse of use in my trading & investing! Worth dealing with the haters. d_trump and sidekick 1troffer who are actually quite funny with accusations. Hates guys with keyboard who type a lot? That's the problem I think? Anyone, please, care to comment?
The common thread I've found between all the bulls being attacked here is we have intelligent account names (because it costs the same!) and we type more than one line?
God forbid some of us know how to imbed graphics. Copy and paste images is so freaking hard for the member haters here.. lol
cyclewatch wrote: This stock downfall and upside potential for Baytex is very interesting to analyse.
Let's review two short period of the most crash in 2015 of oil and BTE.
The first is from June 17 to August 24 when the stock tumbled from $21 to $6 !
The second is from Nov 26th to January 18 when the stock crashed again from $6 to about $1.50 !
Anyone who feels we can't ride this back to oil at $50 and BTE at $21 needs to explain why not. I'll listen to intelligent arguments, analysis and facts.
protrader and others mentioned dividends and although that had a huge volatility impact during the fall, the big downfall was before dividend cuts and well after. So I'll have to be more bullish than others and say $15 pre-dividend return and $20+ post dividend return.
So, after my renewed research this weekend, my short-medium target for BTE is now $15 when oil reaches $50.