RE:RE:RE:RE:RE:Wcp to bte If Joe blow public starts to buy oil again , because they can't ignore the metrics than they will be buying safe names with lower beta , safe balance sheets . Also everyone expects them to raise the divvy. So this is where we get some movement. It's pooring rain here on the west coast today , and with the stock price going the other way it's depressing. Lol. I was thinking we were going to run back above 6 this week.
I owned BTE at 1.55 and sold at 2.09. So to see it at 2.75. I have a hard time seeing that. The truth is though , even if I wanted to change. I missed it.
If I was to bet who would go up more from here at
these levels , I see more upside from WCP from today's price than BTE. Also like you said earlier I also see more down side for BTE at this leval. They have some wild swings. Beta is a fact.
One thing mind you is Baytex was a 50 dollar stock at one time Whitecap hasn't ever been 20. WCP ......they have these new assets so who knows where we go from here . MR MARKET WILL DECIDE !!
Someone said CPP had unloaded 9 million shares in a earlier post This wouldn't help the share price in the shorter term I don't think ?