Post by
Tradestay on Jan 25, 2023 1:28pm
This is a complaint board Now
Post 2020 I would not have invested in BTE. Bought late 2021 early 2021 when the value was good and expected a rebound in oil. The company had paid down debt by over a billion dollars and making cash flow of $450M expected at $76 WTI 2022. $80 oil will put them to debt target at $800M by May/June 2023.
I have some at low and high 8, not at the top but I did bought lots below $1. When it came back below $7 I acquired back.
When I originally invested, the company has outperform and continues to with FCF and continuous buyback, now we have to wait for the 2nd leg. If you invested only a few months and crying today, then you did not invest you are just trading. However the fundamental in what you invested is only improving everyday oil is above $76.
Take a break from your screen, in 2020,2021 everyone was posting doom and gloom. The patient one made 400% in so many names. Companies are similar to indivudyals, they don't change overnight with paycheck or revenue it takes times.
Comment by
riski on Jan 25, 2023 2:37pm
Just one guy complaining. I get it, the share price has been rock stable for a long time now. The big swings that used to be the norm that traders love aren't happening. They will have to go somewhere else for excitement. I'm not here for volatility. I'm here to make money.
Comment by
Nothingmatters on Jan 25, 2023 10:57pm
then you would have lost a ton of money or you are just bluffing. You are a buffoon riski