RE:My view on things....stkfather2 wrote: I've been a long time bullish investor in BTE, never fall in love with a stock they say, been afraid to sell thinking I would miss the ride. Well, its now painfully obvious where we stand and what the future looks like. Its not the fault of the mgmt, the company has fought well to stay afloat and survive the energy masacre. However, we are at the mercy of oil prices, nothing more. I believed in energy as the place to be, trying to be a contarian investor. This has been nothing short of a catastrophe for my portfolio. We need oil to break $60 and continue up in order for energy related stocks to start a move upwards. This may be several years from now, 2020?
For now and for some time to be, sad to say this is dead money.....
Wow somebody finally sees the light !! This is what I have been saying !! BTE needs $80 oil to really start getting ahead or in reality all they are doing is servicing the debt and keeping the business running, doors open etc. They are going nowhere fast at $50 oil. They are not going to go under, bank debt will be refinanced etc... but they really really need higher oil.