Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

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Baytex Energy Corp > As I suspected the DOW/Nasdaq futures down

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Post by BayStreetWolfTO on Jun 16, 2022 8:44am

As I suspected the DOW/Nasdaq futures down

Although I didn't say it I felt yesterday was a bull trap for the Nasdaq...rates going up...made zero sense for the Nasdaq to climb...

Tech players were short commodities and piled into tech is my bet.

Today is the Nasdaq aftermath....I stand by my call Nasdaq to 9,014

Eventually the tech player realize you need to get back to fundamentals supply/demand and free cash flow

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Comment by 1234bmth on Jun 16, 2022 8:49am

This is the sad part of it, Dow.J and Nasdaq may lose what they gain yesterday, but oil it drives market sentiment negative today, and oil stocks lost yesterday and may lose today.

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Comment by BayStreetWolfTO on Jun 16, 2022 8:58am

This is why I always suggest people be well diversified. I personally use my dividend portfolio to enhance my energy portfolio. I also have a term deposit coming free next week that I plan on moving to energy. This correction will save tens of thousands (will get more shares) All said the best way to increase a future dividend yeild is to buyback stocks (reduce the float) I think many other ...more

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Baytex Energy Corp