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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
Comment by Praxis1on Nov 13, 2018 12:37pm
81 Views
Post# 28965994

RE:there is still hope

RE:there is still hope
orlandofl wrote: not only sell low, but I get to sell at the low

what can you say?  well, I bailed on about 60K shares - yesterday and today - quite the hit and still holding about 40K

I decided to take the tax loss and buy some Chineese stocks that have been battered as well and MRO - I added about 7K MRO - bought some chineese mutual funds, and BABA, TCEHY and BIDU

in 32 or 33 days I'll look at BTE again

not an untypical story - riding through the lows - not selling at the highs etc.  MRO is a lot less risk to me - still have some BTE - it may not spike until I'm 100% out

I do think oil will recover, but I never expected these differentials and the low price for wcs and other oil from Canada - thus moving money to other stuff with huge losses - and still have big losses on remaining shares held

I do see Chineese stocks going up and I do see MRO going up and maybe BTE, but Canada is against oil companies right now - I'll hold these remaining 40K for a little bit, but I could dump them as well - I hate selling at these prices

if Chineese stocks and MRO were not so beaten up I probably would have held BTE - I think I can make money on the others and take tax losses on BTE and reconsider BTE around mid December after the losses are etched in



I guess you chose NOT to take Ross Healy's advice and NOT sell! He did say it would easily go to $5 and perhaps $6.50!
Bullboard Posts