Baytex Energy Corp T.BTE

that's what I thought

[cgyinv]

Shorters has a big position on BTE, now with unexpected oil price rise, thay need to drag the SP not going higher, at least for the time being, then when oil price fall again (possible), BTE will go much lower, that's why we saw huge volumn yesterday.

I believe BTE is safe for the long run, unless something like COVID19 happen again, in 2021 oil will above $50, and BTE at least between $1.5-2

For short term, unless you're absolutely sure, don't do anyting, just hold what you have.

[Hendrick3]

Do you think the recent downtrend is due to the delisting which is imminent?  That is always a negative event and I am sure shorters are preparing for that opportunity. 

[2020oilgamble]

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[GotNoPension]

No. The possible delist is from the NYSE only and 80% of BTE'S shares trade on the TSX. The possible delist is baked into BTE'S POST-COVID share drop. It's won't go much lower before it starts to pop again once WTI goes up again.

[Elephantmans]

" this won't go much lower from here"  just bought at .60. Went to .55 an hour later and lets not talk about what this was trading at 5 years ago when it was a "steal". Top pick from E. Nuttall a few times.. This did nothing for the stock and it dropped 70% since then.  This is simply a high risk stock. Its my only oil stock that i call gambling. its can go

[GotNoPension]

Jesus H. CHRIST I hope you are right about $1.50 -$2.00...IN THE MEANTIME HOW MUCH LOWER CAN IT GO?!

[cgyinv]

All depend on oil price, some people believe may see $33-35 before EOY, even without 2nd wave of covid19, this case 45c isn't a ridiculous call