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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

Comment by Unlucky13on Jul 01, 2020 9:02pm
177 Views
Post# 31213884

RE:RE:No gap up

RE:RE:No gap upYou are missing the point.  No one knows the future but 50000 cases today in the US.  How is that reopening going?  Yes, put me on ignore.  I am a shareholder, I own 60000 shares now, first bought around $48.  Am down about $300000 on this one stock.  You can't seem to separate being a shareholder and thinking logically, it's not rah rah think with your heart, I am feeling with my heart but thinking with my head here.  I was like you too before when BTE bought Aurora and I thought here we go $40 back to $50.  I was like you too when BTE bought Ragjng River at $6, I thought BTE would go back to $12 plus.  I was like you too when BTE went back over $5 a few years with the first OPEC deal, now here we are at life support at 60 something cents.  I foolishly thought and rooted with my heart but now am thinking logically and at $40 oil they can barely limp into 2021, anything less and it's bankruptcy and not even a chance to operate come 2021.  Those are the facts.  What you don't understand is this is a calculated risk for me, I can only lose another $40000 or so, worth the risk to try to get back my $300000 loss, I need about a $6 increase to cover my losses and carrying costs but it's not a sure thing.  I fully expect to lose it but I think it's my best chance to get my money back, going into other companies now or pot stocks seems foolish.  I would rather go down with this ship and I think the ship goes down, but I couldn't stomach missing out either.  You are a Johnny come lately and not aware of the pain long term shareholders have suffered at this sideways duck with its head stuck in the mid for years.  It is the ugly duckling but no happy ending yet.  If I had more funds I would have bought $400000 worth at 35 cents and sold for a double to recoup my losses to never return but I was investing with margin so I got wiped out and didn't get that chance.  No more money to average down.  You want to know how bad this world is, I took my CRA refund of $20000 and bought on margin at $1.80 and got wiped out as it sunk to 28 cents. All the fresh meat who bought at $1 and $2 will get out and the rally won't last, guys like me with double digit cost bases won't ever see that level again.
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