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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Bullboard Posts
Comment by BullishBaytixon May 15, 2016 5:26pm
96 Views
Post# 24875242

RE:RE:RE:bullishbatix: good or bad?

RE:RE:RE:bullishbatix: good or bad?
looking4hits wrote: I understand.  You are a trader, I am an investor.  We both feel this is going up long term.  You think short term it might not and I disagree.   And even if it does dip more short term, I don't have the time or ability to catch it at the perfect timing.

I do agree that no stock got up all the time.  But for investors, dips like we saw this week back at below $6 is an opportunity to buy from my perspective.

I placed a market order for tomorrow knowing that I might catch an even better dip.  I prefer to buy dips on a stock that is trending higher than trying to place a market order on a stock that is already taking off.

Thanks for the note and I have no hard feelings against honest traders, I think. There's nothing we can do about you trading guys anyway.  

You're staying off my ignore list because I appreciate both bull and bear views even if they don't match my investment timeframes. Didn't mean to offend. Sorry.

Trading this has made me a boat load of money, but I will continue to hold my core long term because I truly believe there is incredible value here, but not good to put all my eggs in one basket. I have been trading other stocks with my cash and making some money here and there, 50k shares in BTE is plenty enough for the time being and if it dips anywhere near 5.50, I am willing to buy another 25 to 50k shares. I almost have my 50k shares for free now so really there is no risk for me to hold and if this goes back to $20/share... well thats just another boat load of money I will make and pure profit. Happy trading this week everyone. 

Bullboard Posts