ComparisonAs for the $5.00 comment, this was obviously written before the Hamas invasion of Israel (and subsequent rise in oil prices). GLTA
October 6, 2023
I added to WCP with the pull back in oil prices as it pays a reasonable dividend. I am thinking of putting in a 1/2 position for BTE. What do you think of the company and what would be a good entry price?
We like BTE better these days. It was in the dog house for a long time (high debt, dividend elimination) but has managed to get things back on track. It has re-started a dividend, and is very cheap. Debt is still higher than most peers, however, and it made a $1.3B acquisition this year while the rest of the sector focused on paying down debt. We do like WCP better but for diversification. we think BTE becomes more interesting if it goes below $5. (5iResearch)