higher quality names offer better value right now....Normally the knock against the higher quality names is that they are too expensive however with this entire sector in the tank, all the higher quality names are offering better value than BTE. The other day I was looking for a quick trade and my choice was RRX at 8.80 or BTE at 4.80 - I chose RRX because the relative valuation was much better. Today I sold RRX at 8.96 and put the proceeds in SGY @ 2.56 which is also much better value than BTE at 4.84. I still hold a core of BTE because I want the upside if and when WTI spikes, but while I'm waiting for that spike, the higher quality names are better for trading IMO.
SGY: growing production by 10%, paying a modest dividend, debt to CF of 1:1, significant recent insider buying. Could easily run up to $3 without any increase in oil prices.