RE:Looking to buy some Baytex but few questions Marty47 wrote: Just following the price down lately I may looking get some of those Baytex puppies , so I'm looking for some extra tips
1- would it be better wait until the 27 dec to buy so the tax loss is over
2 - does oil normally go low at the end of December
3- if the Saudi flood the market I understand they will cut dividend for sure and old buy back to pay the bills and shut canadien heavy oil to focus on light oil production in USA but how long they can last at 50$ oil
Tax loss selling is usually done by mid-December, however oil is usually in less demand until April. By it in tranches and complete your position by February.