RE:Top 5 Ownership !!!That post says it all red , Blackrock is one of the biggest cheerleaders of "green chinese supportive policy" so it's no wonder they have sold SOME of their BTE but if you notice , Blackrock still holds over 7.2 million shares . Blackrock is in bed with the democrat's but they still know where the profits are , as does Ninepoint who bought everything Blackrock sold (and then some more) . If that doesn't make sense then take the time to think it through , not only is BTE making huge profits , they are grossly undervalued .
I saw a notorious democrat strategist (James Carver) being interviewed recently and he actually said "nobody fears us (Democratic party) anymore and you can't govern if nobody fears you" !!!!! That is the mentality of Biden's handlers in the democratic party and how screwed up these people in power really are . Be it masks , the border or queer rights , the left is afraid of losing power because the voters are on to their BS .
I see the chicken little types are already trying to freak out the small investors with the price of WTI but what the lemming herder won't tell you is this , the only reason oil is down is because the US buck is up . Both WTI and WCS are paid in US dollars , the Canadian dollar is weaker against a strong US buck which only increases Canadian O&G company's FCF . BTE reports in Canadian dollars and a weaker loonie only fattens up our bottom line .
I read an article this weekend that stated oil futures contracts have never been so overwhelmingly bearish . When everyone is on one side of the boat , thats when someone yells "FIRE" and there is a mad dash to cover (or level the boat) . Cushing is still near empty and now Biden is draining the SPR , demand is still out stripping supply and production isn't ramping up , nor will it .
If you were to talk to Eric Nuttall , I believe he would agree with this sentiment , a weaker Canadian dollar is very bullish for Canadian O&G producers . Forrest for the tree's people , forrest for the tree's . Don't get sucked in by the smoke screen drifting across the landscape right now . Employment is strong and a stronger US buck will stop inflation in the US by effectively making everything imported cheaper . Don't get fooled by this bait and switch , is it any wonder this cr-ap is happening days before most O&G companies will report record earnings , debt reduction and FCF ?
THINK , DON'T PANIC !!!!!!!!