Post by
Unlucky13 on Nov 17, 2021 8:29pm
Told you so
Under $4 tomorrow with oil down. I made a huge mistake but liquidating everything. We are stuck and with the fifth wave coming and the SPR being released means oil prices are likely to flatline here. Won't be surprised to see low $70 oil and even the IEA thinks $77 for 2022. Oil to $100 has died down and this a long term game now. All the $5 after earnings talk has died down and BTE just seems very stuck here. It has grossly underperformed it's peers. If this goes back to $3 it will be very painful. Lithium batteries is the rage, Biden wants 50 percent of the autos to be electric within 10 years, oil had it's return but it seems to be over. If the only catalyst is a brutal winter that's a big bet that may fall flat. Supply is charging ahead in the US, I think the Covid rally is over and the share price will continue to suffer here. $5 seems very unattainable now.
Comment by
deepblue on Nov 17, 2021 8:46pm
You will see $2.75 before $5.