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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Bullboard Posts
Post by CashSailson Sep 09, 2016 12:10pm
63 Views
Post# 25222254

Nothing is going to happen overnight

Nothing is going to happen overnightI don't understand why everyone has such a FOMO attitude. The oil recovery was always going to be a long road. I'm a bull long term but am currently on the sidelines. Those who are long need to forget about all the noise and leave their positions alone. This OPEC meeting is not the be all end all. If things are positive, great. If not, you'll have a better chance to average down. What's happening here is gambling, don't fool yourself. I'm not in a position to preach at all but successful investing is maximizing returns WHILE minimizing risk. There is no shame in missing out on a bit of a run and waiting until fundamentals improve.  Who gives a sh@t what oil opens and closes at every day. We're  talking a multi year recovery. Save some sanity. 
Bullboard Posts