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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 > Where you stocks are...
View:
Post by smallcaptdr on Dec 01, 2022 3:22pm

Where you stocks are...

Looking at the charts you can see that ATH was pushed higher when it should have been trading around $2.55 tops with $70+ Oil and now it needs to shed 20 cents and that would be a fair SP and BTE, CPG traded the way that they should of and you can see how they found a support level representing $70+ Oil and right now we could wake up to Oil no higher than it is now or lower if everything stayed status-quo because right now it doesn't look like a bullish Oil market and seems to be trading as just another day, I'm wondering because Oil rallied from $73 to $81 on hopes of OPEC cuts but now it doesn't seem to be happening so Oil could shed the hype factor causing Oil to trade lower tomorrow. The sell-off of Oil stocks today could continue tomorrow if Oil returns to $80 or lower. Buying and holding right now is risky but what's the worse that can happen? you'll just lose money.

ATH



BTE



CPG

Comment by Diligent2 on Dec 01, 2022 7:13pm
Smallcaptdr is speading negative oil news on many sites. BEWARE. Too shed some light: Opec+ possible production cuts after world news on dec. 5th has settled. ducs near end, spr near end, inventories dropping in shoulder season, russia will surely lose some production, demand is weak without china: imagine with!!!!!!! I check many twitter and other sites and informed investors will reap great ...more  
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