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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 Jul 17, 2021 12:29pm
200 Views
Post# 33565211

BTE has made me depressed

BTE has made me depressed

Losing $50000 in 3 weeks has left me shaken once again.  I also have to sell 15000 margin shares because I have a call due Monday.  The Uber business is slow.  Now I need $5.50 to break even.  I really think we see $1.50 before $3.  All this talk about how good the metrics are feels hollow when you see the daily share price keep sinking.  50 cents in three weeks is a big slide and I really think it's just getting started.  I can't sell after it just sank but I feel like things are going to get much worse here.  Where are all the $3 by summer pumpers?

I also think earnings will be a big bust now.  If they were really spectacular we wouldn't be having such a correction now.  

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