Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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.

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Baytex Energy Corp > Is anyone getting greedy?

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Comment by JohnnyDoeon Mar 07, 2022 4:52pm

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Post# 34492600

RE:RE:Is anyone getting greedy?

BayStreetWolfTO wrote: JD, I thought about this also...but I come back to my thought is that technically you can never have enough so I stay diversified.

I have known many people to add millions to their net worth and they are still grumpy and looking for "more" I'm not sure but what I do realize is I don't need a fancy car or private jet. Give me a comfortable house and the ability to travel a few times a year (at my age becoming more difficult) and I am happy.

Really my motivation right now is for the grandkids. The housing prices in Toronto are out of reach for most kids. It would be nice to help them and also I would like to give back to a hospital and a post secondary institution so I have my targets where I can do that too.

However to come back to the original question which is how much is enough...good question...but I still lean heavily towards diversification.

JohnnyDoe wrote: I've got a pretty balanced portfolio. Well, I used to. Lots of safe divvy paying blue chips. And I'm doing well on all of them. But the damn oil stocks have grown so much that I'm way overweight oil.
But here's the thing. I'm thinking about selling off some of that blue chip money and redirecting it to oil. Some of the blue chip stuff I've done really well on for blue chip stocks. The bounces off the pandemic lows in banks have been really sharp. I keep looking at the overall situation and thinking generational opportunity and I'm thinking more about some greedy moves. Any long term balanced portfolio guys want to talk me out of that, or talk some sense in to me lol