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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 16, 2018 12:32pm
107 Views
Post# 28985414

RE:you all owe me

RE:you all owe me
orlandofl wrote:
as I stated earlier, as soon as I sell it will quickly double or triple, I'll give you my address to send money - I need to make up about a $150K or so on that trade so be generous - I need about a thousand of you at $150 each

I think I'll do ok with Chineese stocks and MRO - I used the proceeds to add a bunch of those - MRO should move up similar to BTE provided there is no acquisition of BTE

I may try to get back into BTE mid to late December - not sure yet, but MRO should go up as well if BTE goes up

I think MRO has a lot less downside and can breakeven at much lower levels - but the share price has not been totally decimated like BTE has been - thus less upside, but should be similar upside if oil gets back up into the $70's

bigger jumps for BTE could be with pipelines restarting, refinieries back up and WCS recovering more, etc.

you are welcome - I do have the power to drive it down when I buy and then it run up after I sell

in all fairness, I do get some right as well - not on Canadian oil however, I think I have been wrong on Canadian oil every time though - I was up quite a bit on BTE before the merger and then went down more than what I was up - around a $300K swing down from high $4's USD

we'll see what happens next - if BTE gets back up over $2 USD and continues to climb or if it languishes the rest of the year with some tax loss selling

I do think it is at or near the bottom


I have to say it...TOLD YOU SO!  Never sell LOW(ER)!
Bullboard Posts