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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

Comment by Alwayslongson Feb 23, 2021 11:09pm
152 Views
Post# 32644100

RE:Financials released still show a problem

RE:Financials released still show a problem I don't agree with your logic and apparently you don't know how to play with oil stocks. BTE doesn't need high price to perform well, it only needs steady reasonable price, which is between 50-60 WTI. And you can't evaluate it based on its daily performance because we are medium term to long players and not day traders. You can't expect it to go up everyday and double in a month. It takes time for a company stock to go up, might be a few weeks, a few months, a few years. It all depends what your investment goal is. 20 percent rate of return will outperform most of funds in the market. And BTE is up 25 percent in less than a month, how much more do you expect it to perform. I agree it is left behind by other producers, but who cares, if you don't believe it , you should buy other stocks. I am very happy with my 25 rate return because I believe it is undervalued too much so I invested a lot and will hold it for 5 years until BTE unloads debt and sp reaches 3 even 4 bucks in 5 years. Take care!
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