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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TSX:BTE - Post Discussion

Baytex Energy Corp > Traders cheer as the casino opens again

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Post by riski on Feb 21, 2023 9:31am

Traders cheer as the casino opens again

Best of luck this week traders

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Comment by David01montreal on Feb 21, 2023 5:17pm

This post has been removed in accordance with Community Policy

Comment by riski on Feb 21, 2023 5:57pm

Without question, this is a good WTI price for BTE. They are reducing debt and buying back shares with positive FCF, something they were not able to do for many years before 2021. They have remarkable growth in one of the hottest plays in North America at the Clearwater. This is a great story in CAD O&G - one of the most compelling companies to choose from. But I guess it's a matter of ...more

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Comment by Snowballer on Feb 21, 2023 7:23pm

With BTE, it's always "2 more years" loll

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Comment by riski on Feb 21, 2023 9:15pm

Lol, yes it can feel like that with investing in an opportunity like this. It's not fast money like some would like. Most commodity investments are like this. Loooooong periods of rangebound or sliding share price with short, quick powerful rallies as the market suddenly realizes what the company is worth and everyone else gets FOMO and piles on. The ratio of red:green days in oil and ...more

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