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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 Nothingmatterson Jan 31, 2022 9:12pm
168 Views
Post# 34382801

RE:RE:Step right up, it's your (un)lucky day

RE:RE:Step right up, it's your (un)lucky dayThis mofo is a compulsive liar and psychooo, manipulator. Whatever you want to call him
Unlucky13 wrote: My father is in his early 80s and of sound mind.  He just beat Covid.  I do wish to pay him back before he passes or loses his mind or becomes too old.  I have become greedy and told him I need $5 to break even.  I am actually up $150000 on BTE as of today beyond what I owe my Father.  I am going to let it ride and sell at $6 given recent circumstances and then pay him back the $150000 I owe him.  If it hits $5 and dips right away back down to $3 it doesn't really count as I will not have cashed out and my gambling for it to go past $5 will have backfired.  I am really risking it and rolling the dice here as $3 before $5 is still on the table.  $70 oil means BTE goes back to $2.99.  Probably need $110 oil for 6 bucks a share because of terrible hedges in 2022.  My dream would be to cash out half my shares at $6 this Summer, pay my Father back and keep half my shares and let it ride margin free.

It does scare me that everyone is already counting their chickens, things can turn so fast.  Also, oil is at a really high price and it won't stay there forever.


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