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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 PeterWrighton Dec 31, 2019 9:46am
155 Views
Post# 30504662

RE:RE:RE:Pre market

RE:RE:RE:Pre market Maxmoe, that is a closed view which really isn't 100% reality. Investors who believe in the stock will reenter in 2020. There are countless stocks that get a first quarter boost from returning money flows. I know I have repurchased names that I have sold in years past as well. Hard to find companies trading at 1.7X price/cash flow. 
CPG for example(as it's the 1st company on your list) is up over 40% YTD, so minimal tax losss selling.
With all that said, I do understand the point you are making, I just find people are creatures of habit and will return to this stock, especially since it's extremely cheap, cheaper then most beaten down names. 
Bullboard Posts