Post by
Maxmoe on Oct 02, 2021 3:02pm
Bay Street analysts
They aren't useless, you just need to understand them. Today, according to my TD research app, BTE is covered by 8 analysts. The average target price is $3.20. There are 2 "buys" and 6 "holds". The two with a "buy" rating have targets of $3.50. So what? So, there are 8 analysts that will HAVE to update their research because they are so lazy they can't even keep up with $70+ oil and a new high close at $3.59. That means 8 times, in the near future, there will be positive analyst upgrades to be published. PLUS, there are a half dozen analysts that don't cover it at all. Analysts get paid out of "pools" at their firm derived from trading commissions and ,the big daddy ,financing fees. They get nothing if they don't cover it at all. The bullish analysts tend to attract fees from corporate finance activity and trading activity. With $2 billion in market cap and $1.8 billion and dropping in LTD, it's just too big to ignore. So, as Q3 results come out, and in anticipation of that, there will be plenty of good news reports coming from Bay Street over the next month. Granted, there are several others in the same "predicament" and I have no idea which will be up 100%, taken over, or underperform with "only" 50% return, nor do I care. But analyst coverage can be a useful indicator if you care less about the details of what they are saying and look at the broader picture. By comparison, FYI, darling TOU has 13 analysts, every one is a "buy" rating. Not a single "hold". Every analyst report has been updated in the last 2 weeks. The BTE reports are stale. Only 2 have been updated in the last month. ATH, the pariah of Bay Street, has 1 "hold", and 1 "sell". The "sell" has been in place since May 5th. After being so wrong, for so long, it's a wonder he hasn't quietly dropped coverage.
Comment by
fakmiz on Oct 02, 2021 3:36pm
I never rely on what the analyst's say because most haven't a clue what their talikng about. I followed several comments on companies by analyst's the past few years and did not buy on their information. Cost me a bundle. So I do my own research and make my own decisions. I have lost on some but made considerably more on others. So my recommendation, DO YOUR OWN RESEARCH
Comment by
Maxmoe on Oct 02, 2021 7:32pm
They are way smarter than I, and have way better information than I, but their opinions are very conflicted and biased, is what I'm saying. If you know them well and get what they REALLY think, off the record, that's different. Back in reality, YES, do your own DD.
Comment by
Dragon1 on Oct 02, 2021 7:53pm
I really liked your discussion and way of thinking. A friend who was in the oil business says that "analysts" have no idea just how prolific and profitable the Clearwater property is going to be.So far every well they drill greatly exceeds expectations.Apparently like The Bev Hillbillies,when Jed misses the squirrel the bullets sprouts oil out of the ground.
Comment by
perstrudent on Oct 03, 2021 12:52pm
Have you seen any public data of clearwater well results up in the golden area..has spur drilled any on their own up that far north yet?
Comment by
Bennys65 on Oct 03, 2021 12:56pm
No I havnt seen any results.Just know from the Peters conference they plan to drill there in early 2022.