GREY:LSTMF - Post by User
Post by
chantal2468on Aug 21, 2015 12:53pm
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Post# 24040402
anyone buy Baytex on Monday Aug 17 ???
anyone buy Baytex on Monday Aug 17 ???
John Stephenson, president & CEO, Stephenson & Company
Focus: Global equities
MARKET OUTLOOK:
Markets are likely to remain range-bound over the next month as markets are buffeted by news from China, Greece and Brazil. With the U.S. Federal Reserve likely to raise interest rates next month investors should use any market weakness as an opportunity to add to their favorite Financial, Technology and Health Care stocks.
Top Picks:
*Short* Baytex Energy (BTE.TO -7.99%)
Last trade made on August 13 at $11.34
· The company has seen declining production in both the US and Canada as it continues to cut back spending in response to weak oil prices.
· The company is focused primarily on conventional heavy oil which has been under even more pressure than crude oil which has declined substantially
· It’s not growing and the commodity is moving in the wrong direction