Baytex Energy Corp T.BTE

Why aren't we over .80 cents?

[OilInvester]

Whats holding this thing back. Oil over $46

[eXclusif]

ya, i was thinking we'll close over 80cents today....

[topdown99]

It's only a matter of time , we could very well see $0.80 before the weekend . 

[Boulter]

Have to wait for all the short term people to do their thing.  Like whoever purchased the 80,000 shares at $0.54 from that lad on here a week or two ago wants to take his "profit".  And many like him.  All the traders have to battle it out to, as time approaches infinity, a collective zero return, less trading fees.  We investors just have to sit on our hands and wait

[topdown99]

I only see the positive here , with 48M americans "driving" to grandma's for Thanksgiving dinner , next weeks EIA inventory report should show another good draw of oil and gasoline . Jet fuel consumption will also be up . As many people still traveling before the vaccine is distributed , imagine the pent up demand unleashed in 2021 .

[Maxmoe]

Hmmm that story sounds a bit like unlucky junior. Lol. IMHO, you have too much money in one stock unless your portfolio is in the millions.  Maybe you'd be less fearful if you owned a little basket of energy names. If it helps, forget what you paid for a stock, and focus on the current price and whether it's a "buy" at today's price. Good luck  

[Boulter]

I am curious.  From what I wrote how did you come up with: I am young "junior"? I am fearful? Too much money in one stock and not a portfolio in the millions? I don't own a basket of energy names? and finally the whole"forget what you paid ... 'buy' at today's price" comment when I stated explicitly that I have been in BTE 6 years and added 133,000 at $0

[Maxmoe]

You can't possibly be a baytex follower very long if you don't know the sad sad tale of "unlucky" himself. The tales of the gambling addict that lost 300 grand, then his tax refund, then money he borrowed from his elderly father and so on. It's totally fake and he must have the most ignore user requests of all time. By far. So yeah, your little tale of woe reminded me of the

[TrendSwapper]

Lmao!

[Boulter]

Tale of woe?  Heavens no, it is a tale of wonder.  Sure I am down about half on my cost base of $1.44, but the more interesting fact to my mind is that this 1/3 million shares of BTE would have cost $20,000,000 circa 2014.  Fossil fuel energy might still be a thing for a few more decades.  Might still be a cyclical resource industry.  The lack of capital in vestment these

[Maxmoe]

Good for you BSD. My first share purchase was mitel. I lived near Ottawa and I knew a guy that knew a guy ... so I invested my life savings in the ipo , 300 shares at $3.50 as a teenager back in 1979. A year or so later I sold it for enough to pay for a nice used car, a nice engagement ring, and a nice wedding. worst trade ever. Lol. Should have kept the stock and traded the girl.