RE:RE:RE:RE:RE:RE:RE:RE:RE:Outlook and opinions for BaytexBull, this is why people need to be well diversified and with higher risk stocks should only invest what they can afford to lose.
Sure lots can happen. That's why I like to focus on data as that helps.
That said I am also an optimist...I could sit here every day saying the sky "could" fall tomorrow...but I don't think that would be good for mental health.
If my big issue is I'm optimistic I will carry that scarlet letter
If my portfolio tanked I could last for years so I don't worry about short time mid term market movement
Be diversified and always have cash in hand set aside for rainy days.
bullhorn3 wrote: masfortuna, I don't want to belabour the point, but:
1. seemingly most of the BTE bullboard activists have never seen the stock market drop, so rapid rise is the 'norm'.
2. WTI may rise or fall, but it is not the only factor to consider. For instance, the DOW is at a maximum. What if it falls by 20% but WTI stays high? The management of BTE will probably cancel plans for a dividend as a part of their risk reduction strategy. I have owned BTE for a decade and can tell you from first hand experience "stuff happens". If you are convinced that BTE will soar, no matter what happens to the world, mortgage your house and buy more. Let me know how it turns out on Dec 30, 2022.