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 11, 2016 12:15am

169 Views

Post# 24646736

RE:With a decline of 10-15 rigs tomorrow

NormanBates1960 wrote: Oil should hit $40 tomorrow afternoon

If oil is $40, BTE should really be trading at $11-12 !!!

That's the price was at in July! Less than 9 months ago! Everything is intact. No asset sales, no dillution. Just a bunch of insiders buying at market!

Incredible one can still buy it for half the price? This feels a little surreal, no?

We now know that gas consumption is at an all time high, rigs are falling, production is slipping and OPEC/Russian have indicated they understand low oil prices is insane in the $30s

I just told a family member to not wait to get more if they have any extra cash.

I'm considering selling some of my other holdings but I'm already 80% BTE which prudent investors never do! Even Buffet's maximum was 55% but he made a fortune on it and still holds it!

I can't understand short sellers at this point in the cycle with a full reversal confirmed. So much risk? Some people like to flirt with danger.

Why short when you can go long. I'd short something bloated and overvalued.