Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp > What to do

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Post by tazzz222on Sep 24, 2021 11:44am

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Post# 33914054

What to do

I purchased $200k of BTE at an average price of .325 per share - needless to say I am up a lot of money.

I am an accountant and really like the cashflow of the company - I thought it was stupid how low it got with the amount of production hedged (which is why I purchased so much).

This is what makes it so difficult. I know I should sell some to take some profits, but I really like the cashflow generated at these prices and can see the stock easily going to $6-9 in the near future.

So my question is, what would you do?

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