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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

Post by kegmanon Oct 24, 2023 9:07am
243 Views
Post# 35697875

BTE is day traders dream

BTE is day traders dreamHuge volume.  Swings constantly week to week and even during day.  Enough to stay on long side and not short according to a few friends who dabble in this area.  I have been in and out three times this year and recently sold my shares bought at $5.20s at $5.96.  I bought back in yesterday at $6.03 after being busy last week when it hit $5.93 as I have been counseled that earnings will be outstanding. I was a dumb a$$ for bailing I was told by a very knowledgable friend.  He is an oil savant.  I simply wanted to book an impressive gain.   This earnings bonanza will be across the board for almost all CDn co's reporting over the next week.  BTE will continue to creep up as long as oil does not crash on everyone else's momentum.  I thought $5.96 would fall back to 5.80.  I was wrong.  I wanted back in and will wait until full BTE quarterly report now.   My friend is a very large trader compared to me and I think I am pretty big.  6 figures vs. 7.  He didn't get to where he is by making too many mistakes.  He is not a bag holder.  Not interested in long holds.  He believes in Value holds.  Goal is to sell near highs, not fall in love and marry.  GLTA  
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