Its pain to see the stock price keeps going down every day. One way to look at it is only paper loss. If you sell it, it would be a real loss. Now, everyone is lucky enough to buy BTE at 50% discount price. Commodity is always roller coaster ride, up and down. Right now, its unknown factor and oil supply surplus is driving down the oil price every day. Its given, oil price will not go down to zero. BTE div. is safe for the remainder of the year. Can BTE and shareholders have stomach to ride down and back up? I know I have major paper loss, but as long as I get my monthly div., I will hold right it out.
Like every BTE investor, we are taking a loss like all other MPs. There is no reason BTE should be this low and driven down to low of lows. The BTE quality assets, performance, and 4% div should put this stock above $16/share at least based on current oil price.
People who take a new position at these discounted price will make lot of money going foward. I am maxed out on BTE at higher price so I am wait and see mode and collect div every month until it goes back up.
The wild card is, at this low price, BTE should be open to be sold above $22/share. Big Oil companies love BTE assets. Its about consolidation within the industry. BTE is now very cheap to be acqured. If I were CEO of one of big oil companies, I start shopping right now!!!
Another wild card is Iran, I know everybody and the market is worried about the Iran oil supply adding in to world market, but everyone is missing the double edge sword scenario. Unlifting sanction against Iran will have undo consequence in Middle East and the World. First is Oil price. I think Oil price will shoot way up above $100. Why you say? Because potential war and arms race with all arab nations including nuclear. Israel will be very aggressive. Saudi Arabia will have no choice to arm them self. I could see within 16 months after Iran gets to play in the financial sandbox with everyone else and access to their billions of dollars, the tention will arise and potential of war will cause oil price to skyrocket!!!