RE:RE:BTE earnings this week What a complete knob. Cry me a river. You pay your Dad back yet?
Unlucky13 wrote: I have been saying the same thing for months to anyone who will listen but get met with how great things are. Ultimately only the share price matters. At least I am not the only one disappointed in the stock and the share price. If we get an earnings bump we might get above $5 but any sour tune won't be kind. The stock should be at least $6 so I am not sure what the hitch is. Surely, there must be others incredibly disappointed with the share price given the price of oil. How much higher can oil go? We are near the ceiling for oil which means we are near the highs on the stock price. I don't anticipate the earnings call having a drastic effect and a reminder of the crushing debt could sink things lower.
If oil goes to $70 the share drop will
be severe this year. Hard to fathom any scenario where the stock goes up with $75 or $70 oil this year. In the interim the drop form $90 will rock the stock and send it spiralling downward. The market is punishing BTE and the lack of interest heading into earnings scares me. Oil is really only up because of Putin and if that scenario doesn't play out the stock is in great trouble.
I hope I am wrong but Wolf's constant cheerleading only to be walked back by telling others to sell if you don't like the stock tells me what I knew all the way along about him. I have been invested in BTE for 8 years, through all the turmoil and down days, we have had some glimmer of hope lately but it really scares me what's going to happen now. My story is real, I highly doubt $10, but $3 seems more plausible. I especially how we don't go back to $3, I hold for $6 or $7. I certainly don't expect $10 at this point. I hope not but won't be surprised to see this back at $4 if oil retreats. Even if oil jumps to $100 on Putin people and traders don't think it will last, $5.25ish if we get to $100 oil.