RE:RE:Will Institutional Investors start buying BTE after merger?GrimesInvestor wrote: Did you see my posts below John? There's a lot of recommendations along with fund managers and banks that are at the beginning of buying. I have a good friend that works for investors group and he tells me that he's to begin putting people in oil funds. 11.00 target in the short term is what I expect and then if oil is in the 90s no reason we can't be at 30.00. When oil was 48 in 2014 BTe traded at 19.48.
When BTE traded at 19.48, BTE even pay the monthly dividend, now BTE doesn't even make money to pay back its detbs and interests. 30 is a pipe dream and $10 is more realistic. When OPEC announced their output cuts in November 2016, BTE maximized at $7.30 whereas MEG was at $9.70.