Well said about protecting your money I just give my analysis and take. Wolf makes it personal and dives deeper in the gutter here. I never made it personal but he has. I never started it but he is fixated on me and won't just debate the data. He has polluted the Board, I have been posting here for 7 years Wolf, you have been here for 7 months. Stop making it personal and only debate the data and facts. By constantly reposting old posts of spoof you lose all credibility. You keep beating a drum after the stock just lost 10 percent. The reality is this stock has vastly underperformed and is sitting on a precipice where it may fall even further.
Defend the stock all you want but stop bashing every poster who disagrees. I said nothing about you until you went after me. I would prefer to only talk about the stock but it's awfully hard to defend when it keeps sinking every day after 7 years of losses. Also, I asked you how many share you own and you wouldn't answer.
I have been very clear. I own 100000 shares and mortgages my house and used $200000 worth of credit cards to buy them. I was down half a million on paper at one point and am now up about $50000. I am very worried I will lose everything I gained back and just sense impending doom here with the SPR. You can call it noise but when you are on margin it's scary to see a stock constantly losing oil and bleeding a death by a thousand cuts. All the hype about blockbuster earnings and Free cash flow has quickly disappeared with oil tanking under $80 and the stock down 50 cents in three weeks since earnings.
Where are the catalysts Wolf? Posting about a drone strike after there have been 50 of then the last three months won't cut it. Debt? It's going to take 3 years and that's only if the oil price holds. Corona and the SPR is squelching demand and boating supply. Even the IEA suggests $77 oil next year. At $77 oil BTE is not even a $4 stock. If oil stays at $77 next year we are hard pressed to get above $4. If oil drops watch out and all bests are off.
OPEC will be increasing and 200 plus countries signed on at the COPA conference to reduce oil and gas reliance. Lithium is all the rage and Biden wants 50 percent of cars to be electric by 2030.
I think the easy money has been made and for anyone who thinks it's an easy double here I want to know your reasoning.
I see $2.50 before $5. It's really ugly and if there is a greater market pullback oil will go down with it.