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 / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

TSX:BTE - Post by User

Baytex Energy Corp

Bullboard Posts

Comment by FullReversalon Mar 06, 2016 11:53pm

135 Views

Post# 24628551

RE:If you bought at $50, average down at $5! Here's how

This is a good tip for those who bought at the highs and held on to the lows.

Look back at the bashing hay-days on this board. It's quite spectacular how positive the board is now. Except for a few that appear to have a chip on their shoulders?

cyclewatch wrote:
This is a great stock at this price! Look at the reasons why in my other posts. I don't want to repeat myself and overpost. lol

If you bought BTE at $50 a few years ago and held on the crash of oil, the best thing you can do is average down by doubling up on the amount invested.

So If you had 200 shares for $10K, add 2000 shares @$5. Same price!

Do the math on the returns on that one as we head back to $15-$20 BTE with $50 oil.