Baytex Energy Corp T.BTE

Anyone know?

[OnionKing]

Wtf is going on ??? Yesterday I could rationalize but today.  $86 wti!!!!!!!  Bte is gold.  This should be at $5 easy.

[GrumpyMonk]

Wait until Friday... GLTA

[Cobalt]

The sector is working off overbought always does always will

[Panama4sure]

Most oil company are red now and yesterday waiting for oil inventory this morning at 10h30...

[BayStreetWolfTO]

Panama, due to MLK...oil reports shift a day. API is later today EIA is tomorrow.  Nothing today at 10:30

[Spanito]

This post has been removed in accordance with Community Policy

[BayStreetWolfTO]

Algos. This is why some buy the dips. All companies on the TSX ENERGY CAPPED INDEX red Large, Mid, Small all down for now. SYMBOL NAME  % CHANGE AAV-T Advantage Oil & Gas Ltd -1.59% ARX-T Arc Resources Ltd -2.41% BTE-T Baytex Energy Corp -1.96%

[OnionKing]

Thanks I did notice that, I guess I should of asked the general question of what is happening in the industry.  Overbought and a slight correction, but today is disappointing. Knowing we'll see a correction in oil prices soon as well.  alas, maybe $5 in mid February. I can wait. 

[OnionKing]

Thoughts on a red oil day? also your blog post is great! Thanks for the content

[BayStreetWolfTO]

Good morning Onion, a red oil day just like a green oil day will certainly impact traders, shorts and short term-holders in both directions. I am well diversified and dont trade daily other than buying as I get divy money. I also don't flip from one O&G to another like others. I have my ratio splits and maintain these while adding. I am just riding the overall trend. I believe the overall

[BayStreetWolfTO]

Looks like algos shifting....energy sector starting to move up....maybe algos done on the sell side for now.

[Unlucky13]

BTE fails the eye test.  568 million shares, management basically fleeced long term shareholders to survive.  Until there is a massive buyback of 100 million plus shares this isn't creeping up like it should.