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 > Riski is one scary financial planner!

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Comment by jleer42on Aug 01, 2023 5:48pm

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Post# 35567770

RE:RE:RE:Riski is one scary financial planner!

Sarcasm

Cobalt wrote: Maybe you are new to markets Nobody but Nobody can call a price 6 and 18 months out. But when it happens with training it can be easy too see

jleer42 wrote: You have amazing clarity with the past. Would you provide the peak and low for the next 6 months along with the peak and low for 2024. I appreciate your insight.

65F09A wrote: Riski is and was not in love with this stock. He didn't sell because of the calital gains implications.

Let's do some math.....

Sell 1 million shares within 25% of the 2022 peak - $6.61 average sale over several months EASY!
Buy 1 million shares within 25% of the 2023 low - $4.68 average purchase over several months EASY!

$6.61 sale price vs .41 average purchase price for a taxable gain of $6.2 million
Maximum capital gains due $1.67 million
$4.68 average purchase price on 1 million new shares $4.68 million

$6.61 million sale - $1.67 million tax - $4.68 million purchase = $260K

No future tax liability on the move from .41 to $4.68, same 1 million shares, $260K in your jeans.
None of this required doing anything near the top or near the bottom. It just required a little discipline. Sometimes it is better to be lucky than.......