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 Aug 25, 2016 9:20am

35 Views

Post# 25175255

RE:RE:RE:Hows your messenger boy Nuttcrawl doing?

orlandofl wrote:

NorthSun wrote:

TenthDay wrote: Still claiming to be the worlds number 1 oil guru when in fact anything he touches in oil stock turns to dirt. What a complete joke.

His fund is currently short oil stocks and in a cash position. He feels BTE is a buy in the $5 range and a sell over $7.00 This was stated by him on BNN.

Since I feel oil will fall to $30 to $35 by late Dec. due to the oil price and tax lose selling I feel BTE will fall to $2 to $2.50CAD.

wow, northsun, I think you are way off - I think we see a higher trading range - some think it will dip to $40 or even $39.50 from what I read and then there are radicals with their predictions, but almost all the majors see $50 - $54 by year end, even the bearish ones.

I think you are on the wrong side of this, but just figure out how not to get smacked - if shorting, maybe buy some out of the money calls to cover you a$$ if someone buys one of these companeis out at a 50% plus premium.

I wouldn't want to be short right now wiih oil under $50 - Northsun, I really do want you to make money on this - I think you may have made some this year trading it - not sure if you really got smacked in 2015 and 2014 like I did on oil - I hope you made money on other things - be careful, I don't think you are going to see what you think you might see, but refinery maintenance season typcially shows a decline in prices - I just don't think you'll see a dip right now.