Baytex Energy Corp T.BTE

Everybody accepting

[Nothingmatters]

That oil trade is over. I would not buy till Feb-March when things may become more clear. 

If Fed raises by 75 basis points, I would be picking up bte at $3 and ATH at $1 soon

The whole economy will crash.

I am sitting on the sidelines waiting.

[HighOctane89]

The irony is thicker than London fog when you actually think about it . All those old hedges that everyone hated may be a revenue lift in the Q4 for BTE , China lockdowns were a huge reason for negative sentiment but soon as they start to reopen that too becomes a RISK !!!!!!  The paper market pushes cheap oil into an already tight market while imported gas and distilites are passed off as

[Nothingmatters]

Iread somewhere that if you protect your risk to the downside, or do nothing wrong, right things will happen. I sleep better at night knowing that i am 100% cash at the moment. Chasing for a pennies when you can lose big dollars is not for me. I dont chase pipe dreams or build castles in the air.  The time to buy will be when there is fear and blood on the streets. Right now it is still

[riski]

The time that you will buy will be when it rockets past $7 and you kick yourself (again) for missing it. Then you will get terrible FOMO and pay way more because you didn't have the courage to buy when it was down. 

[Snowballer]

This would match my current technical forecast. I think we bounce up to $6.50ish (+/-) test the 200MDA [either just touch it or overshoot slightly) and then basically go to $4.36 Currently targeting a sell at $6.50 to $6.80

[riski]

Thanks for the targets. I hope it works out in your favour. I'll be riding along in the back. Have a great weekend. 

[Snowballer]

As you know, they have been working out in my favour.  ;)