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The Company is an open-ended investment trust created to a trust indenture.
There are so many things going for BTE. For at least the next ten years there will be no viable alternative to oil. The world's biggest nations China and India not only are accelerating industrially, they are going car-crazy: every Chinaman wants a Buick, and every Indian wants the new $2500 cars by Nissan-Renault and Tata..BTE in particular is attractive because it aims to maintain its dividend and growth model after the 2011 Canada tax changes, because of its efficient production, conservative balance sheet and, what I like most, the CEO's view that the stock is undervalued and that he wants to see "a falling yield and a rising dividend," which is pretty much a buy-and-hold investor's wet dream.
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