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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 riskion May 28, 2021 2:31pm
117 Views
Post# 33287541

RE: BTE short position $26.5 m shares

RE: BTE short position $26.5 m sharesYup.  There are still far more doubters than believers.  This adds more fuel to the fire as they will eventually cave and start to believe in the current oil price and speculate on higher price.  Then all these stocks will 2x-3x.  BTE and MEG will see the most torque.

A 7 year oil bear has left its mark on investors.  It will take higher sustained prices for them to come around.  

PUNJABI wrote: A break-out over $2.00 will force some of the short sellers to cover.  It is surprising that 26.3 million shares are still shorted when the stock would be a cash cow at current oil prices. The most likely premise of this short position would be that oil prices are not sustainable and would pull back.



Short Positions for BTE
Symbol Report Date Volume Change Shares Issued % Float
T : BTE 2021-05-15 26,325,710 5,813 564,110,922 4.67
T : BTE 2021-04-30 26,319,897 1,066,984 564,110,922 4.67
T : BTE 2021-04-15 25,252,913 370,092 564,110,922 4.48
T : BTE 2021-03-31 24,882,821 -1,684,598 564,110,922 4.41
T : BTE 2021-03-15 26,567,419 898,707 561,227,367 4.73
T : BTE 2021-02-28 25,668,712 -102,715 561,227,367 4.57
T : BTE 2021-02-15 25,771,427 5,187,857 561,227,367 4.59
T : BTE 2021-01-31 20,583,570 5,488,985 561,227,367 3.67
T : BTE 2021-01-15 15,094,585 560,382 561,162,632 2.69
T : BTE 2020-12-31 14,534,203 -2,666,384 561,162,632 2.59
T : BTE 2020-12-15 17,200,587 -897,437 561,162,632 3.07
T : BTE 2020-11-30 18,098,024 517,758 561,162,632 3.23
T : BTE 2020-11-15 17,580,266 -816,037 561,162,632 3.13
T : BTE 2020-10-31 18,396,303 -1,367,948 561,162,632 3.28


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