Baytex Energy Corp T.BTE

BTE L2 - THANKYOU TO ALL

[riddler]

Thankyou to everyone on the Board, the good, the not so good. All very helpful.Just sold the balance of my Baytex 170,000 shares at $5.9475, having sold 30,000 last year. Total about $1,210,000. Unrealized gain/loss

+1,756.80 (+0.17%)

Purchaed BTE in March 2020 at .42. Yes we were lucky to pick BTE after some sound advice from someone in the field.  My last L2 for you. 

0	69300	5.96
10	37800	5.95
10	119300	5.94
16	108500	5.93
10	114200	5.92
15	91600	5.91
32	155400	5.90
9	84900	5.89
15	85300	5.88
2	6100	5.87

Level 2 quotes summary

Ask	Total size	# of ordersNumber of orders
5.97	90100	33
5.98	99700	31
5.99	281800	35
6.00	342700	92
6.01	85700	10
6.02	18500	8
6.03	15000	8
6.04	28000	6
6.05	72000	30
6.06	118900	11

 

[ManitobaCanuck]

Congratulations :) .Good money made :) . I am in a similar situation as you . Still holding on till double digits 

[Kelvin]

And thank you for posting L2 riddler and good luck to you! 

[Nothingmatters]

Congratulations bud! Thats some serious cash!  Happy trails!

[masfortuna]

Ok thx and G.L.!

[Skylar1]

Am i missing something here , you only showed a gain of $1756.80 ?  Did you have shares before the .42 buy? 

[dllscwbysfn]

Very nice profit. I have a question though. Lot of good things happening now and it appears to be pretty  good going forward. So do you know something that we do not know? Why did you sell? 

[riddler]

dll 1. I know nothing more than you know. The SP will probably go up tomorrow. 2. I am at a different point in my life than other investors and view my investments not on a 5-10 year horizon. Note that I already held BTE since 2020, going onto 4 years in 3 months. I was LONG in my terms already.  3. What did I know and what did I have to relearn: a. set a sell target price and stick to it

[dllscwbysfn]

You bet!! I agree with everything you just said. I wish you well!!

[riski]

Congratulations on your gains, but I think you are crazy to sell this at this point. We are early innings in an energy bull like we have never seen. It feels good today, and you might be able to rationalize it when we are in the 7s, but as this starts to go parabolic to 8s, 9s and through to double digits it's going to be painful to know you had so much of it and just had to hold on for a

[barneyj44]

Tend to agree. Let your winners run. I made that mistake with Crew, bought at .40 cents and sold at $2.49 ,now trading $6 plus. Still holding the dividend payers, Wcp, Bir,Cpg, Su and of course Bte. Tomorrow's looking good.

[Cobalt]

Energy bull like we have never seen LOL, orchestrated by Opec keeping millions of barrels off the market or we would be at 65. Great sell did you get the top maybe not, did you side step the recession next year sure did and can reload then. Yes i'm still long but looking for the exit too cheers

[TheWokeLemming]

  You sound bitter Cobalt.  OPEC is simply paying Biden back for keeping oil down with the SPR.   Manipulation is now in our favour.   Lots of room for oil to run yet as the market is under supplied.  

[Cobalt]

Just watching for the rug pull when commitment of traders all get long, always happens always will good luck

[JohnnyDoe]

Cobalt, posting during a rising tide? That's not like you

[dllscwbysfn]

If BTE was going into a death cross both cobalt and snow would be on this site screaming that it is the end of the world. But here we are getting very close to a golden cross and not a peep, lol.Personally I am quite long and don't really care about short term technicals

[Cobalt]

Nope death cross is BS usally closer to the bottom then an indicator to sell get your facts right

[Cobalt]

"Yet, despite the dreaded bearish warning, some traders often welcome the death cross as a lucrative buy opportunity. As the contrarian investment advice  “the time to buy is when there’s blood in the streets,” i.e., buy when everyone else is selling." What does that say about a golden cross LOL

[dllscwbysfn]

For you it must mean you are shorting BTE right now. I doubt that you are. I doubt that you have any position. I am still long, how about you?

[Cobalt]

You are so right Johnny look at the tide LOL