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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 BayStreetWolfTOon Jun 21, 2021 4:20pm
150 Views
Post# 33421887

Time to discuss.

Time to discuss. I think people believe short sellers here are retail or generalist.

While not all the information is publicly available just think of all the behind the scenes maneuvering

From trying to block insurance on pipelines to short selling stocks. Groups are highly sophisticated. That said these groups have in fact created a supply issue driving fear into capex decisions. This is well documented. I got involved based on information and analytics.

Follow the information and analytics. Those short know the gig is almost up. They knew regulators wouldn't reel it in but funny how the market always reaches homeostasis one way or another.

Anyhow enough of my thoughts here is an interesting article I thought I would share. Dated but important. Enjoy

The latest green investment tool? Short-selling the fossil fuel economy, December 19, 2019

"Selling short exposes investors to sky-high risk: your target security could theoretically double or triple in price before you buy it back. But selling short can produce big profits in a down market and may even change the behaviour of the company youve targeted.

As green investors seek out ever-higher returns, theyre not just buying stocks of green companies involved in sustainable activities or renewable energy. Theyre selling big-carbon companies short, confident that those companies unsustainable practices will appeal to diminishing numbers of customers and investors."

https://www.corporateknights.com/channels/climate-and-carbon/big-short-short-selling-fossil-economy-15767718/
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