RE:RE:BteUnlucky13 wrote: The bottom line is that insiders are selling! Oil is dropping and Baytex just keeps dropping. Time to short it! It's going sub $10. Something is wrong here, it just keeps dropping. It's down 16 out of the last 20 days, something is a muck. Poor earnings, huge debt and low oil prices. This has gone from darling to dud, $48 to $12, to maybe $6 or $7. All oil companies were up today, CPG was up 72 cents at one point. The CEO of BTE needs to explain his selling of stock. To payoff the debt new shares are issued. Baytex is definitely on the watch/hit list to go bankrupt.
Insider Selling ? All you need to do to see what the insiders are doing is click on the “Insiders” tab on the “Menu” (far right) on top of the SH page.
Then have a look at 2 or 3 pages of info.
What you will see is that on 02 July several Insiders “Exercised some Rights” and then sold some shares.
These people get a large part of their “Compensation” in shares.
To “Cash Their Pay Cheques” they have to “Exercise some Rights” and sell the shares.
Personally I don’t see anything wrong with that. I “Cash My Pay Cheques”! What do you do ??
As Always, Do Your Own Due Diligence; It’s Your Money !!