RE:RE:RE:RE:RE:RE:SPR draw down 3.1m from last week.1234, I agree and your statement supports my thesis which is why I am more weighted to the small/mid caps that were punished for debt versus large. I think mid/small caps were punished harder but when debts are down the playing field right sizes.
Time will tell.
My feeling is BTE gets to $12.80 before CVE gets to $36.60 (in the current oil environment)
Time will tell...but at the end of the day if this pricing goes on for a while they will all see amazing returns...
1234bmth wrote: BSW, I agree from the point of time you are analyzing BTE has done very will, it went up from $0.30 to let's take today's price of $6.40 almost 22 times, but my perspective is different, BTE should had never gone below 1$ And with a 10 to 12 time upside now it was $10 to $12 like MEG and CVE, but when it did drop to $0.30 the rate of recovery should have been fast enough to reach $10 to $12. All I am saying if MEG is $19 and CVE $24 oil $105 makes no sense that BTE is below $10, I hope it takes its real value before oil drops because it is way undervalued.