RE:wish bte wont be boughtDon't worry about it. If it gets bought, you take your cash and decided where to put it from fresh.
It's less than $10 a trade and tax free in a TFSA or RRSP trading account.
$12-15 per share would make it easier to accept. But there's lots of great oil plays, it's just that right now, BTE stands out with assets in prime locations both in Canada and the USA.
How knows, you might like the company that buys them out.
Who has lots of cash at current oil prices? Wouldn't it be funny if BTE announced it was buying someone else small with the increased cash flow they are getting with the $40+ oil they are getting.
Remember, they deal with the premium LLS WTI which fetches a premium. Very popular with European refineries and with the US export ban lifted, what whole market is now available.
Liquid freedom is financial freedom for Baytex shareholders at these low $5 prices.
I bet you that margin traders and momo traders will bring this up to $7-8 in no time...
mage1234 wrote: i first enter bte at 2,55 and load up more at 4,50, i really wish this company wont be bought or ill be so pist offf , idaf about shares being buy around 10-12$ this stock will go back to 40-50 range if oil recover fully, is their a real possibility that we cant hold this stock until we want? and if its bought can we keep our share to selll it later around 40?cause im going to make 30 k profit at 20$ and 60k at 40$ lmaooooo in a tfsa so f*** taxes all for me !!!