RE:Oil under $65If you already knew, why did you not sell at 1.50 and wait for this to go below a $. You not sure about your own prediction abilities ?? Crude oil has barely moved in a range of $2 for the last week and it sure looks like consolidation if you know how to read technicals. Oil sector got hammered when money moved to big tech and wfh stocks as well as the big stupid bubble called crypto. The fund flows are slowly reversing to a value rotation as the economy reopens and vaccinations take place. Does not mean that it will be a straight line up for value stocks. There are still a lot of I.d.i.o.t.s who should not be investing or trading and have to be parted from all their wealth. BTE will benefit just like any other energy plays as long as crude stays in a range where it is currently. Also, this will not got to $5 in 2 months. This will take at least a couple of years. Look at the chart and if you know how to read them, you will get it. I think you sold this when it was close to it's all time low and now it is a matter of sour grapes.
Unlucky13 wrote: What did I say? I told you so. What do you think will happen at $60 oil or $55 oil? No catalysts right now to steer the ship.
My price predictions,
$1.18 at $60 oil and 95 cents at $55 oil. See l everyone at my projected price points. Sorry, I am long and need a a turnaround and am here to break even and make a $100000, not a $300000 loss but $1 before $2 seems clear now. Lots of dumping and today's action was emblematic of what BTE has always been, a lame duck on flat days and the ultimate price of trash on red days and a lagging gainer on green days. The patterning is continuing.
Just not enough out there to make this bounce. Come on people, consolidation at a $1.40 is utterly scandalous. This was a $50 stock and management was a bunch of bozos and under their watch the stock has sunk 97 percent!
I love how all this $5 by summer talk has dried up. The rally sure fizzled before it even got started.