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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

Comment by BayStreetWolfTOon Oct 11, 2021 7:59pm
240 Views
Post# 33995863

RE:Oil down and DOW got whacked

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.



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