RE:question re the 10 year chartThe prevalent disclaimer is that historical performance is not an indicator of future performance.
The shine is off carbon energy, my view is that we will never see the valuations that we did in the past. Take a look at some of the producers that are already debt free, and even unhedged(!), and they have not skyrocketed as they 'should' have. Growth story aside, producers still laden with debt and bloated floats don't inspire confidence.
Commodity volatility is also scaring the bejeesus out of retail investors, for exactly the reason you identify. Recession doesn't help.
Is there still lots of money to be made? Abso-fukken-lutely. Suggest looking into a dividend strategy versus capital gains over the next year.
Good luck.
ceenalot wrote: In 2015, BTE basically gapped down from $20.00 per share in June 2015 to $7.00 per share in August 2016
It appears there was very little resistance during this precipitous decline
Would this gap down of $13.00 per share be STILL relevant today in terms of relative ease to move upwards quickly ...not saying it goes there ...there may have been significant dilution during that time ...maybe that diminishes the impact ?
appreciate your input
C