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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 > oil stocks remain the only cheap ones in the market
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Post by riky144 on Dec 14, 2022 1:05pm

oil stocks remain the only cheap ones in the market

oil stocks remain the only cheap ones in the market
Comment by Moemoney42 on Dec 14, 2022 1:15pm
I have a sneakey suspicion that at some point soon we'll see a strong upward move that might catch everyone off guard.. we've had ~9 months of sideways movement/base building and the balance sheets have all improved over those 3 quarters and will continue to improve with better hedges going forward.. 2023 is looking good for that to happen.. ;-)
Comment by HighOctane89 on Dec 14, 2022 1:31pm
Everything points to your conclusion Moemoney , the chart confirms the sideways base building . If this was 10 years ago (when oil wasn't a bad word) with supply this tight , balance sheets this clean and a commitment to reward shareholders these stocks would be trading through the roof .  Even if you could get the media to report things honestly without bias or better yet , just shut up ...more  
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