RE:RE:RE:Overvalued, undervalued, just right?Oh I own them both and way more BTE than ATH. But whether to own them both or not wasn't the question which is perhaps why the answer was so "easy".
ATH was running counter to and now currently lagging in a very strong trend. It's curious.
Maxmoe wrote: Easy answer. Own them both, plus a few more names. Diversify. I don't care about a short term (a few months is short term) what is it? Delta? Of 44%. Both stocks are up 8X to 10X. It's more important you own one of them , than which one so don't fixate on "the one". One of them, actually both of them, has the potential to double again from here. Or just buy one of Eric nuttal's funds and let him trade for you.
ManitobaCanuck wrote: I have a qignificant ownership in Baytex as well. Their CEO is very responsive and in the limelight seekign investor attention . They have a new discovery at Clearwater which competes for capital with Eagle Ford ( their best asset) . The payback time for a well drilled in Clearwater is 2 months at current price. Its a good discovery and may add 10,000BPD in output and profits likewise with a low breakeven .
riski wrote: At the end of June we were $1.02 and now $0.87. -15%
At the same time, BTE was $2.40 and is now $3.10. +29%
The price of oil was about the same.
That's a 44% delta in performance. Was ATH overvalued back then, and now corrected? Or is it undervalued, perhaps limited by the refinance overhang? Or is it about right?
Or has BTE got away a little bit.
Macro wise, nothing is really that much different between late June and today.
I'm curious to hear some opinions.