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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

Post by BayStreetWolfTOon Jul 07, 2021 11:35am
117 Views
Post# 33505414

Opportunity- Must read for longs

Opportunity- Must read for longsJust providing my thoughts on share pricing.

Now most longs will default to big swings down or corrections are bad. However I suggest you think outside the box and consider something maybe you have never thought of before.

Having been involved in overseeing investor relations I will tell you publicity is always a good thing. When the price goes up people start watching. When shortly after the price corrects down people look again.

First, investor instinct is "something is wrong with the company". So out of curiosity they will search online review data and occasionally hit Stockhouse. They are looking for comments on what has dramatically changed to impact the company.

In this case we want to be pointing out constantly that the management plan is on track and this is just market emotions.

Now MOST sophisticated investors will than take the time to conduct a DD and investigate and in our case will be able to confirm the company is well ahead of the plan at these prices.

At this point they may identity it as a buying opportunity. That is what you want as a company and investor

So pardon my consistent posts of the current market supporting the management plan.

Just experiences after decades of participation in the market on both sides.
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