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 > A funny thing happened on the way to the market

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Comment by Nothingmatterson May 06, 2022 12:37pm

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Post# 34662526

RE:RE:RE:A funny thing happened on the way to the market

I am all cash.... but will short oilll soon...once it reaches 120-130...i think it is better to stay out for now...

Snowballer wrote: That's what they say.. "Time in the market is better than timing the market". But that is not true if you're in a bear market. I'm too young to have experienced a multi-year bear market. If that is where we are headed it will have been wise to try and time your exit. Imagine 5 to 7 years of constant lower highs and lower low's. Most people who are retired today got the advantage of very long bull runs with very fast bear creash recoveries. If I was not a stock picker but a "long term investor" I would be in all cash vs. buying the "dip" in this market. That's just me. I think the highs in the S&P are in.

Maxmoe wrote: And the lesson is? Don't try and time the market? Once in a while you can "nail it" but typically you'll have to be more patient. Unless of course you start posting "nailed it" posts after the fact for fictitious trades like our resident clowns. I don't know about you but my first buy in many,many years, of all my oil stocks was in 2020. Every one of them went sideways at best for months. Ever notice the "easy money" in hindsight was really really not easy at the time? Good luck. Maybe next week you will have amassed a mass fortuna.

masfortuna wrote: BSW you mentioned people chase and trade. So here is my story on this topic. About a week ago I lowered my exposure to tech. I still hold some tech names like LSPD as I can't see that going too much further, the talk of a rally, talk of inflation already peaked and yadda yadda yadda. It gave me a wad of cash to reinvest in other sectors such as O&G. I added to my holdings but I decided to play the the "earnings" game just to see if I can increase my total cash. I expect oil to climb from about $101 and I was right HOWEVER every O&G company I have transferred into has dropped after earnings. Ath? dropped, Obe? dropped. Gxe? dropped. Bte? dropped. And today Sgy? down 5%. So I sold Sgy now and put the money in NVA which reports on Tuesday and will move to CJ.

Keep in mind that I hold these stocks and still hold all of them. I just sold the cash that I had ready to deploy from my Tech holdings. So with oil up about 10%, I am actually down about 8% total. Nice eh? I will continue this experiment next week and tell you the end result BUT lesson learned...
Mas