RE:Oil down and DOW got whacked WTI $80
Don't get caught in others games.
Unlucky13(539) User ActionsJuly 18, 2021 - 11:31 PM 75 Reads Post# 33567661 F * @ k Baytex Oil is down a dollar now. $1.99 tomorrow. What a complete dumpster fire. F * % k me. All I do is lose money with this dog.
Fundamentals should rule your decisions. The shorts and environmentalists will stop at nothing to distract you. Always be cautious use a financial advisor.
Post reference "Unlucky (1) User Actions May 31, 2021 - 10:54 AM 83 Reads Post# 33296007 Can BTE go back to $10 Is this a good buy? Tell me why? I want to buy 1000 shares at $2. "
Unlucky (1) User Actions May 08, 2021 - 05:37 PM 355 Reads Post# 33160549 Baytex to the Moon: $2.50 by Friday I found an awesome Facebook Group about Baytex. Very positive, BTE to the moon! I am going to buy more shares on Monday! They will probably get rid of the debt in a couple of years. I see $2.50 by next Friday.
Unlucky (1) User Actions 37 minutes ago 32 Reads Post# 33459860 What a dog! What an absolute dog! I have a massive margin call due tomorrow. I can't believe I am losing money on margin again with this stock. What an absolute dog!
Unlucky(2) User Actions14 minutes ago 8 Reads Post# 33582612 RE:RE:RE:RE:I`m loaded to the gills in this...Need more like $6.50 now because of margin calls.
Unlucky13(539) User Actions July 19, 2021 - 04:46 PM 89 Reads Post# 33572888 $1 before $2 Still maintaining my original belief that this dog hits $1 before $2. What a dog! Oil is in a tailspin with the variant. Wouldn't be surprised at all to see oil back in the $50 range and BTE approaching the $1 level later this summer. No catalysts and earnings will be offset by the lower oil price and OPEC opening up the floodgates. It's going to stay ugly. So frustrated I was stopped out and had to sell 20000 shares this morning.
Unlucky13 wrote: It could be an ugly open tomorrow. Can't really trust what happens on the PINK sheets. Oil likely to dip under $80 tonight. Going to be a struggle on the way to $4 and $5 seems like an oasis or mirage that doesn't exist. $80 oil seems to be a short term spike following the hurricanes and oil spill on Huntington Beach. OPEC will be increasing 400000 barrels of production, the Delta is still raging. Maybe if oil gets to $85 this gets past $4 but to to get to $5 it's unlikely in 2021.
My dilemma is that I won't sell until at least $5. That allows me to pay any capital gains and to pay back my Dad and leave a little in the kitty. At $5 I can sell half and do those things and let it ride.
Maybe I am being greedy. I was up $60000 on this stock 4 years ago when oil went to $50 and there was great anticipation but BTE went from $8 to almost nothing in a heartbeat.
If this goes back to $3.50 I will have a margin call and than will require a higher exit point. I am scared because I foresee a top here and than the eventual BTE slide. The summer I thought we were off to the races and it retreated 85 cents. Baytex had a thirty five percent slide this summer.
Potentially the stock could back under $3 here when it becomes clearer that oil is at a peak here. What would you do? Sell now and break even with nothing gained after 7 years of torture or ride it out. If I liquidate and sell at $5 and it runs to $10 I will obviously be dejected but a gain is a gain and something is better than nothing. If BTE drops here I will be devastated. Tomorrow for me is the true test. If it can't go above $4 on $80 oil I think that's the exit point because oil is not going to stay at $80.
A slide back to $60 oil will be devastating for the stock. It concerns me there are so many shirts out there.