RE:My hope is that everyone was happy with the resultsThanks Mr Wolf! And everyone else for the excellent advice and wisdom!
The stock market ‘seem’ so far to like the ‘turnaround’ story much more.
Companies like Baytex, Athabasca, Obsidian, Surge that had huge debts, share dilutions, bad hedges, problems and working hard to turn around, have been monsters.
Whitecap which is a fantastic company, barely moved after their results.
Whitecap, Tamarack Valley and ARC seem like excellent well-run companies, that bounced back from the pandemic easily, but have slowed down. They still did fantastic since 2020 lows, like 4X or 5X up. But BTE and the other struggling ones did MORE amazing, like 8X or 10X… just because they tanked harder. And the ones that struggled like BTE ‘seem’ to still have way more upside, because of the huge turnaround ‘torque’.
WCP/TVE/ARX got good reviews and price target upgrades from dumb analysts (outperform, buy, 3 stars, 4 stars, etc). Analysts made themselves look stupid with their weak price targets on BTE for example. I sold my TVE and WCP (just had a little) when the dumb analysts started putting nice price targets on them, and still almost no good targets on BTE or ATH or SGY.
This seems to say that the market is looking for companies that are turning around, recovering from survival mode, where the debts are going down fast, and hedgees are coming off slowly
Thanks again!