RE:RE:any clue as to why BTE SP has such rise today ...BILLMINER wrote: Shorts covering, institutional interest, and price of oil rising rapidly are all part of the quick rise in BTE sp. Market makers kept it in the 3.50 to 3.70 range with good daily volume. This was a real accumulation period for BTE stock. As some have mentioned the large volume in short shares are providing fuel for the fire. The stock is very undervalued and will continue on its quick upward trend. It's a perfect storm. The markets will really take notice with Q3 financials. $90-100 oil is just around the corner. I thought I chased this stock a couple weeks ago but I now realize that it was a wise decision. Accumulate now for a dime here in there in sp come spring won't bother you none. BTE will be pushing three quarters of a billion in fcf for 2022. Increasing fcf, Rapid lowering of debt, dividend issuance forthcoming, and Clearwater (Blue sky potential) drilling and additional wells coming on board is why I'm here. A printing press for cash with high oil prices. JMO
I have noticed several extremely positive articles on Seeking Alpha in the past week, including one today that suggested that BTE was one of the top five under ten dollar stocks. The market cap of BTE is such that it can be moved by smaller funds and retail where as SU and bigger cap players need money coming in from bigger funds...many of which are getting out of oil.