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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

Post by Unlucky13on Mar 09, 2021 11:44pm
191 Views
Post# 32760041

You got lucky, not smart

You got lucky, not smart Buying at 27 cents for that kind of return was luck, you easily could have lost it all and were truly gambling at that point.  If I were you I would sell and take the money and run.  To make 466 percent is amazing and unheard of but if a stock goes down 99 percent it needs to go up 100 times to get back to even and that's where I am at. So going up 4.5 times from the bottom is just a drop in the bucket and not even close.
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