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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 May 04, 2021 7:17am
186 Views
Post# 33121699

I will tell you why I post

I will tell you why I post I lost $300000 on this stock because BTE lost 97 percent.  First bought at $50.  Oil is up now but Premarket bids are flat.  Looks like some profit taking coming up.

Two people can own the same stock and one can be up 5 times and one can be down 97 percent.

I am the guy down 97 percent.  Until this goes
back to respectable level near where I bought it and no longer is a penny stock tinkering on the brink I can't get too excited.

If the stock goes back to $5 I will get excited and become positive but until than I see it it for what it is, a massive underperforming dud in the oil patch that cost me everything when I bet the farm.

I am not sure I will have the stones to hold it all the way to $5.  If I sell at $5 and it goes back to $10 I can live with myself.  I am also worried it goes up near $2 and than crashes back to $1.  I have witnessed this many times.  When everyone says it's a lock it usually Is not a lock.

I am just accepting reality that it will never get to$5 and that's a stinging blow and death for me.
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