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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 > Down $50000 on this dog in just two weeks
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Post by Unlucky13 on Feb 18, 2022 6:15pm

Down $50000 on this dog in just two weeks

I am afraid Tuesday will be red, it might be ugly when the crushing debt doesn't budge as much as is expected.  If dividends or buybacks are the expectation we could see $4.40s post earnings.  Might be very ugly because the expectation has been too high for oil.
Comment by pigletoday on Feb 19, 2022 7:35am
Unlucky13,  you should have sold whne you were up $175,000 and could ahve paid off daddy.   In acutal fact,  the stock may have dropped over the last two weeks, but if you didn't sell anything you did not lose any money.  Since you contiunue to the hold the stock you lost on papper, not reall money.  
Comment by Unlucky13 on Feb 19, 2022 9:25am
It's a paper loss but now even if earnings excite we won't even get back to the levels we were at.  Usually evenings are good for a 5 percent move in either direction and in very rare circumstances 10 percent.  Considering the general malaise towards oil lately and hitting the wall with the price nearing the ceiling I don't see how this moves more than 5 percent.  It' ...more  
Comment by unluckyl3 on Feb 19, 2022 10:11pm
Thanks for pointing this out.  You are correct.  My father isn’t proud of me.
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