RE:RE:RE:RE:RE:RE:RE:BTE earnings this week We are all know where I stand. I think you hit the nail on the head. The torque is gone in BTE. $90 plus oil and it can barely scratch $5. The torque has disappeared and a big part of it has to be the massive stock dilution. 568 million shares outstanding. Debt was 1.4 billion at the end of December, it still lingers large. I think so many were burned they have anger and hostility towards it and want to punish it. I agree. No one believes in oil even at $95. Traders think it's a short term bump and I can guarantee you that if oil goes back to $55 or $65 the 5 year plan for BTE won't excite the markets and BTE will be back to a couple bucks. We absolutely need oil to stay up here.
I know I am very jaded about the company for such pain it has caused me and others. Hedging has to be the reason for the lack of a push here. I am beyond scared and beyond frustrated with what is happening with the stock here.
I know Wolf will come back with how profitable $65 oil is for the stock, I don't agree. It will be a devastating blow because we aren't getting a push at $90 oil so $65 oil will be catastrophic for the share price.
Let's hope then forward guidance excites the stock but the way the stock is acting I feel it won't. We have no buffer for bad guidance and I pray we don't go back to $4 following the report.