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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 Boulteron May 05, 2021 3:08pm
158 Views
Post# 33133761

RE:RE:RE:Timberrrrrrrrr!!

RE:RE:RE:Timberrrrrrrrr!!
Speedy wrote: Put my sell order in for 1.73 where I will break even after 7 years of owning baytex. Started buying in the 7 and averaged my way down to 1.73 on 15000 shares. Not happy about a zero return on 7 years but this is money I wasn't sure if ever see back. I lost allot in Pengrowth when it went under and thought baytex might be next. So happy to have the money back. Good luck to all you longs that bought in under a buck and good to see people making money here. I'll take my money back and go and buy some new hair from all I lost watching it go from 7 down to cents. 
 

I started with BTE about 7 years ago with a first buy at $15 or $18 and got my cost down to $1.42.  With the 10 year range something like $0.27 to $50 I think there is a reasonable chance of a small fortune here so I am not anchoring to my cost and getting out.  Even $5 will only be 1/10th the 10 year high and provide a 250% return for me.

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