Baytex Energy Corp T.BTE

RE:RE:RE:I think I captured the bottom

[Praxis1]

orlandofl wrote:

Praxis1 wrote:

orlandofl wrote:
I'm a wiz - I'm out 100K shares between yesterday and today - I added more than 10K MRO and a lot of Chineese stocks - I'll see if we get any tax loss selling and if Canada will do anything with pipelines

I still think it could triple from here, but MRO is less risky and still gives me oil exposure - if there is tax loss selling it could go lower and I could get back in and take the tax loss

I lost about $130K or so on it - I have not done well with Canadian oil - I'm about done with Canada, now trying China

I should have stayed with investing in the U.S. - at least I have MRO back if oil recovers

Brent is still high enough - wti is too low, all Canadian oil is too low

BTE will likely be bought out next week since I am out or within 6 to 8 weeks

So YOU were the CURSE of BTE!

one of the curses - watch it start going up - I did buy a bunch of MRO so I still have oil exposure - I will take a look at BTE again late December and see what I think at that point, but it may be a good time to buy again - it could dip going into Dec, but mostly I took the tax loss and stayed in oil, but MRO is a lot less risky, a lot less upside, but it too has a lot of upside and is not in Canada

Canada is just so dysfunctional when it comes to oil - that is why you never want the government in business - they are incompetent.

Investing is about buying LOW and selling HIGH. Not buying LOW and selling LOW(ER)!