Baytex Energy Corp T.BTE

RE:RE:RE:RE:RE:BTE L2 - THANKYOU TO ALL

[TheWokeLemming]

Cobalt wrote: Energy bull like we have never seen LOL, orchestrated by Opec keeping millions of barrels off the market or we would be at 65. Great sell did you get the top maybe not, did you side step the recession next year sure did and can reload then. Yes i'm still long but looking for the exit too cheers

riski wrote:

Congratulations on your gains, but I think you are crazy to sell this at this point. We are early innings in an energy bull like we have never seen. It feels good today, and you might be able to rationalize it when we are in the 7s, but as this starts to go parabolic to 8s, 9s and through to double digits it's going to be painful to know you had so much of it and just had to hold on for a little longer after holding for all those years. 

Many investors have jumped off this with their profits after investing in 2020, most a long time ago so congratulations on making it this far. I remember victory lap posts like yours from a guy when we were trading at 60 cents happy with his double from 30 cents and another guy at 1.35 who had hit a triple from the 40 cent range. A few months later we were trading in the 4s. Ouch. You might remember those guys as it sounds like you were invested through 2020/2021 when we were watching many short term holders/traders come and go on this board.

Like Nuttall said over and over again from March-May 2020: This is a generational wealth building opportunity and already is for me and my heirs for generations to come. There is so much positive fundamentals and momentum as we just get to the base camp of the great climb. Sorry to see you go at this point. I hope you find a good home for your profits and never look up this ticker again.

You are not going to want to know.

riddler wrote: dll

1. I know nothing more than you know. The SP will probably go up tomorrow.

2. I am at a different point in my life than other investors and view my investments not on a 5-10 year horizon. Note that I already held BTE since 2020, going onto 4 years in 3 months. I was LONG in my terms already. 

3. What did I know and what did I have to relearn:

a. set a sell target price and stick to it - keep the emotions out of trading.Do not let GREED drive trading decsions - easier said than done.

b. figuring out where the SP is going is a mix of fundmentals, technical analsis and a "little bit of luck". Get comfortable with all 3 and learn from mistakes. I made many.     

c. learn all that you can about the oil sector to ensure that you are DYODD and come to realize that there are many many factors at play in determing the SP in this sector, and many are beyond our iunderstanding or control e.g. Biden deciding to pull oil from the SPR.

In the end, nothing new.

Nutall was right - if you played March/April 2020 right - the bottom of the oil sector, the results were a "generational opportunity."  

My trades today settle on 18 September 23 which is when I can do something with my profit which is why I invested. In the end, the aim of the stock market is to make money IMHO.

Hopefully this anwsered your question.

GLTA 

 

 

You sound bitter Cobalt.  OPEC is simply paying Biden back for keeping oil down with the SPR.   Manipulation is now in our favour.   Lots of room for oil to run yet as the market is under supplied.