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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 269,000 gross 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 Cobalton Dec 10, 2023 1:17pm
199 Views
Post# 35776906

RE:RE:RE:AND LMFAO!

RE:RE:RE:AND LMFAO!Retail is the last place i would want to be, financial might do better next year no place to go but up. Almost anything held up by a div got smashed people said why hold them when you could get 5-7% risk free. As to Tech getting hit the most in a recession, this would be a consumer recession , Big tech is scrambling to invest billions in AI or be left behind that wont wait for a consume recession to be over they also have amzing free cash flow and 10's of billions on the ballance sheet which people find safety in. As for NVDA this AI thing poped up last spring when they went from like 4 billion to 12 billion. Just about every data center in the world needs to swap out cpu's for gpu's to handle AI.

masfortuna wrote:
riski wrote:

Nice hit mas. Tech seems to be a perennial winner. Valuations are obscene. It's the opposite of energy. Almost pure speculation and hype. Sometimes really flimsy logic. 

In energy we have generational low valuation, actual cash flow (not just a dream), and money coming back to the shareholders because there is just so much cash, yet all the speculation is to the downside and there is zero hype. 

Something isn't right, and maybe it's me. The classical teaching no longer applies?


masfortuna wrote: 2 weeks ago my stop losses got activated here and I figured I would wait until after tax loss season to rebuy (was tempted the last 2 days). A portion of the funds I got from BTE I sprinkled into some bitcoin miners ( Hut 8, Digihost, and Bitfarms).  The first 2 I am pretty much flat but I am up 120% in Bitfarms thus far. What a joke! Doing all this research and reading up on oil numbers and be up only 10% this whole year anf ten in 2 weeks I get 12x with no effort. Life just isn't fair...

 


 Hi Riski.  My post should read 2x and not 12x.  i am not sure why but typos are a lot more common on stockhouse for some reason.  I would have to agree with you aout the the market in general. I have a couple of gold miners, a couple of silver miners and 1 copper miner that I have mentioned and all are either flat or down. I have some retail of which Canadian Tire is my largest holding and they are down. I have several reits in both retail apartments (Cap-Un), health (Northwest) and office (allied) all are down this year. A couple of Bio stocks of which Pfizer is my #1 and they are also down. I HAD several energy companies but got stopped out 2 weeks ago and they were down or slightly up. And I won't even mention all my bank stocks and financial stocks...

So what exactly is up? My Tech and some of my speculative plays of which most don't generate anything...No idea how the the TSX Nasdaq Dow and S&P are all up this year if almost all the sectors are down. Andif we are heading into a recession should not the tech stocks and speculative stocks get hit the most??? This makes no sense.


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