Putin also warned SA , that Their infrastructure will receive same ordinance , with first , or any lip , whatsoever ! The refinery demolition a few days ago , was a mere demonstration of capabilities . SA has been warned , just Google it , and read what was said / threatened.
Some hefty gains for insiders ?
Plenty of Dividend Chasing , weak handed parasites , got swatted recently , taking a 3 - 4 dollar hit , in exchange for the 90 cent distribution . The shake out has been completed , and was a success . Now , the stock headed for a 50 % rally , giving the machine an exit point in the mid 40s , along with another distribution early 16.
The double bottom was excellent entry point / double down price.
Seems like the miss was expected and projected.
The recent wave of Div Chasing Newbies are taking the biggest hit , and will now become long term investors .
Exxon was rumored to be eyeballing a while back , as a sands asset ,and They also looking to expand Domestic Footprint , both also serve as boosting reserves . A price @ 16 was the chatter , but that was months ago . when the impact of the hyper mid east production was not expected to be as successful and widespread , with wide scale SP destruction in entire sector , not just BTE and LINE , for example. Cramer touting ETP Yesterday , with a very convincing thesis , and NG producers are also going to reap big time , within a year , when LNG begins exporting .
It all just ahead , and possibly ahead , will be another dart board in neighboring to last salvo , which which was launched from 900 miles away......................
Sooner than You might think , and do not expect any advance warnings......... I almost bought Back Into BT when it was in low teens , but have now established a large position in single digits , may add more if We get a forth trip below 3 , if not , I will ride with what I have . Often , major M & A deals are done in first Q , and the deals will be announced 1/ 16 , although , these times are a little different , given the multitude of distressed producers on the Domestic front. Exxon has just completed a small acquisition in The Permian Basin , but They are Global in Their pursuits.
Russia has broken with the past , and has made a media circus about what type of munitions being used , and not pussy footing in Syria , demonstrating there capacity to rapidly airlift in a brute force , setting up shop in some dilapidated airport overnight , giving US an hours notice to clear out . Putin has garnered not one iota of opprobrium, and remains popular , while riding horseback without a shirt , with all the tall blonde , Druid Queen Chicks singing praise. Meanwhile , Antonov AN 124s continue to airlift in reinforcements @ same pace US flew into Kuwait , prior to Desert Storm , with additional fighter craft in tight formation with the behemoth transports , in thin veiled attempt at secrecy , which was basically another attention getting to alert the world that They are serious about this low oil crisis ........................ Read all about it , with new updates every hour .
When Russia bombed and Air Mailed 50 Missiles into pipelines in Georgia ? They are in Syria , building a formidable force , and conducting air raids , telling US the area is a no fly zone . Google a Syrian pipeline map. Russia needs higher oil prices ............... The next super spike in oil is sooner than most analyst think ; it can happen at any time , and look at CLR yesterday , with a near 10 % gain , on no news...........BTE is a survivor in the past , and could get bought up early next year , when most of the deals are projected to occur , due to tax purposes. Look for huge gains in coming 3 months ; it will more than compensate for the distribution cut.
The threat from Putin was made in 2013 , I believe ; You can easily Google it , and read all about it.
There are also rumors about Exxon going on a Canadian shopping spree , and They just announced a break through in oil sands tech , also just came into a half billion from sale of a pain in the rear refinery in Cali. So the answer is yes , and a 16 dollar bid is reasonable , during this current fire sale , but would need to be a hostile takeover attempt.
Russia now has over 50 planes in Syria , and has waves of fighter jets flying in with transponders turned off , flying in tight formation at low altitude . Russia Parliment now considering Boots on ground , and China is sending in "Advisers "......... Canadian oil is going to be back in demand , after the melt down in Mid East , and Putin has already stated that SA will have oil infrastructure bombed , if anyone opposes its operations that support Syrian Dictator .
Coming soon........... Heating season has begun already. We having a nice bounce of the long term double bottom @ 30 , and last time it was trading at 30 , it was brief , then went on to all time highs , into 50s. We could be well into 50s by March.