RE:RE:RE:RE:Oil is the new tech in 2022. With all those free cash on hand, that too after 0bbl/d on Jan 2021, anything can happen with BTE stock. I expect $10 in the near term without any major explosion.
topdown99 wrote: There is still a ton of liquidity in the market and sentiment is changing focus away from tech . It seems like retail is waiting for Greta to give them permission to buy an O&G stock , once the herd starts running you could easily see $30-$40 in an extended bull market in oil . I think its only a matter of time .
riski wrote: Exactly.
BTE could go to $30-$40 over the next two years - not because it will be worth $40 (though $10 is certainly a reasonable valuation in a $100+ oil environment), but because it gets carried away in the waves of speculation and greed. If the oil trade attracts the same level of interest that tech and spac did over the past 18 months, this is a real possibility.
This is the time to hold on to your shares. It's crazy to try to short this.
Cobalt wrote: "Never underestimate the power of human speculation and greed. "
2007 Hedge funds and news letter writers pumped the uranium space the fomo was insane 8000% on some and right back down lol , 3D printing fomo DDD 7000% and crash , Pot stocks 3000% the list goes on Cheers