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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 > Now Meg, CPG has broken out as well. BTE coming up soon IMO
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Post by Snowballer on May 24, 2022 2:16pm

Now Meg, CPG has broken out as well. BTE coming up soon IMO

My predictions from last week hopefully coming true.. we should see names like BTE, MEG, WCP start to follow the likes of CJ and CPG and start putting in new highs. Just a matter of days I suspect... maybe a week or two at most.
Comment by BayStreetWolfTO on May 24, 2022 2:37pm
Snow as names run the value chart changes Fact are facts...sure our CJ run was great but now on the chart they are less attractive. So I keep my prior weight and move my gains into that top left square. I can see people complaining if they put all their eggs in 1 or 2 baskets and don't have that ability and just wait it out. This is why I am a big fan of diversification... I am all left ...more  
Comment by Snowballer on May 24, 2022 2:50pm
Yes exactly. Love this Nuttall Chart. And agree 100% with your approach.  I myself sold all other names last week and bought BTE. I'm not simply holding long like you (I take profit at each leg) but am long like you in the energy thesis.
Comment by Chrisinvan7 on May 24, 2022 3:08pm
Great chart. Looking at my allocations.. I'm 86% top left but hold Meg, Hwx and CJ. Hwx for Clearwater exposure, CJ for income and Clearwater exposure and Meg because they're unhedged. 
Comment by pharmabros on May 24, 2022 9:40pm
Thanks for your posts! I agree, and glad to see every oil stock doing well, because it attracts attention to the sector every week, when one has a new high or a new dividend increase. I was bracing myself for another huge selloff (in everything), after the last 4 Mondays tech selloffs dragged down the oil stocks badly. This Tues was interesting because the tech stocks kept taking a sh%% while oil ...more  
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