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Bullboard - Stock Discussion Forum 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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Interesting day ahead
View:
Post by BayStreetWolfTO on Jun 08, 2021 10:09am

Interesting day ahead

While I certainly don't understand materiality of everyone (range of 1-2 pennies is not what I would consider a hard fast drop unless you have 100m shares?), it will be interesting to see how the presentation goes.

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https://event.on24.com/wcc/r/3211723/A1F4CF3E3DFAB77BA620B30B6F777A71
Comment by DrNo1962 on Jun 08, 2021 10:14am
Learn to like these consolidations as times to accumulate more OR just wait.  Given the backdrop BTE consolidation simply means levels far exceeding previous highs will likely be made sooner than later.  JMHO,
Comment by Unlucky13 on Jun 08, 2021 10:45am
When you are down hundreds of thousands minute by minute swings matter.
Comment by BayStreetWolfTO on Jun 08, 2021 10:48am
I guess based on earlier logic right now we are up fast and hard? 3 pennies but still not material. 10:47 EST
Comment by Bully88 on Jun 08, 2021 11:35am
hundreds of thousands minute by minute. at .01c swing that would equate to owning 10,000,000 shares. so you are telling me, that mr/mrs unlucky who owns 10,000,000+ shares worth over 20 million dollars is on stockhouse all day bashing his investments? F*ck off with that nonsense. Blocking your dumb *ss as i see no need to read your bs  cheers, bully
Comment by Unlucky13 on Jun 08, 2021 11:49am
Do you understand how margin works?  Apparently not.  If you are on a margin call every penny matters so yes every penny matters as margin disappears under $2.  When you you buy on margin a stock has to go up or you get a margin call, if it dips and BTE has dipped from $2.17, that's a lot of money lost when you are operating with hundreds of thousands of shares.
Comment by 2021Gamble on Jun 08, 2021 11:55am
oh, you are so unlucky, unlucky.... your first mistake was investing you made another mistake investing on margin you made an even bigger mistake investing on margin in BTE and so....yup, you are unlucky.... and...well.....I can think of some other things to say.... but well....others already have....
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