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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 > What makes me laugh
View:
Post by HighOctane89 on Feb 17, 2023 1:05pm

What makes me laugh

I find it hillarious that people are afraid to buy stock when the market puts it "on sale" . I bought a sports car 3 days before Christmas and got 35% off this list price . While it wasn't very functional in January , it was a screaming deal by July . You don't invest for today , you need to look further down the road .
Comment by riski on Feb 17, 2023 1:27pm
Natural human instincts. We all want to go with the crowd. We are all momentum investors by instinct because in the primitive days, going with the crowd kept us safe. But it works against people when they try to invest. Humans are programmed to buy higher and sell low. It was always thus and will forever be thus.  The macro economics of oil has never been more bullish. Oil never goes ...more  
Comment by JJ2351 on Feb 18, 2023 9:51am
I agree
Comment by 65F09A on Feb 18, 2023 2:39pm
Let's take a look at this great sports car analogy from HO89.  A guy who has promoted the value of a BTE investment  for the last 7 months (regardless of what he was actually doing). The same sports car buyer on October 31st likely couldn't get the same great deal as HO89 (even though sports car season was over).  The BTE investor would have bought at $7.40 and now needs ...more  
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