RE:What's the rationale?unlucky13, if other oils go up, so will BTE. They sometimes down go up at the same time.
BTE also looks like a take over target, so manipulators might be driving it down.
The bottom line is Baytex is able deal with the short. You short sellers are going to give up soon.
Look at the TA and look at the numbers
Price: $2.70 | Change: +$0.06 | %Change: +2.27%
Volume: 9.3m | Day High/Low: 2.82/2.52 | 52 Week High/Low: 24.87/2.53