RE:Hate to say it but this stock is going to crashI think oil will trade between $60 and $65 for the bulk of the 1st half of 2018, which negates much of your argument.
I'm not disagreeing with your points, I just disagree on the future prospects (short to mid-term) on the price of crude, which ultimately affect the prospects for the BTE price per share.
If crude comes crashing back below $50, then you are absolutely correct that BTE will crash... however, in the short term (4 to 6 months), for the reasons I mentioned in an earlier post today, I don't foresee oil trading much below the mid-50's level.
I guess that's what makes a market!