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 Chief1on Jun 23, 2016 12:46am

89 Views

Post# 24989927

RE:RE:RE:Bte - cra

survivor2015 wrote:
As a trading strategy, that's great. For us longer time investors, this is no "news". This was "news" in 2014 after a small acquisition and the write-offs resulting from them.

I would be surprised that any real investors that have done their due dilligence would not know Baytex were having disagreements. Happens all the time, that's why there are tax accountants.

The reassessment appeal will take years, and if they need, tax court after that will. In a few years when oil shortages are all the talk and the talk that $100 oil is "good" to get alternative fuels really going, this will be nothing because it's relatively insignificant. If this stock was trading at its true value of $10-15, then I would be worried.

Instead, i plan to buy more to average my early 2015 $18 purchase which i averaged down in the low $6s to have a smile on my face.

We this goes below $6, I'm selling all my other oils to buy this as a single stock. I'm here for the medium to long term. If I can also do short term, all the better. I appreciate all the good traders here and there are many.

Finally a post with some clarity on the this situation. It sounds like this isn't the first announcement of this CRA assessment and merely an update. Great post Survivor2015.