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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 Mar 30, 2023 12:16pm
176 Views
Post# 35369425

RE:Time to admit we were all wrong

RE:Time to admit we were all wrongLMAO. You missed another bottom, man.

Since 2020, I am in a beautiful uptrend with all of this just another bump in the road.

The hardest bump was going from $0.69 back down to $0.39 in September 2020. Painful because my cost base was $0.58 after adding 900,000 shares at $0.30, so I was well green at $0.69 - I had gotten my money back and then it was back down into the deep red again.

There have been several 50% drops along the way. Some investors get replaced by others. It seem people leave when there is a sharp rebound and they miss it sitting in cash. The agony of a missed opportunity is too much so they never look again.

When you feel like crying, you should be buyng. The recent lows of $4.30's were just one of those times. 

Still great value here for those that would rather play momentum.



TheWokeLemming wrote: We should have all bailed from Canadian energy early
last June.  Since then it's been a constant downtrend.   Stocks are held by day traders now and companies like BTE have turned their backs on shareholders by discarding their stated shareholder value strategy.  


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