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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 Wildfuryon Oct 25, 2021 8:06pm
285 Views
Post# 34047744

RE:RE:STILL A MASSIVE 21.5+ MILLION SHARES SHORTS!!!

RE:RE:STILL A MASSIVE 21.5+ MILLION SHARES SHORTS!!!
There's no time limit when shorting, basically you're betting a stock will drop, eg, you short BTE at $4.19, then it goes down to say $3.00, then you're up $1.19 so you want to take your profit and cover. It could keep going down then you hang on for more. On the other hand, if you short BTE at $4.19 then it rises to $6.00, you're losing $1.81 per share so the higher it goes the more you lose and will probably get a call from the financial institution you deal with to cover the loses or they will cover it for you and you're on the hook. It's a dangerous game to short, usually the big boys, hedge funds with lots of cash are the ones that can capitalize and sometimes they get burnt too just like they did recently with nat gas futures. Hope this answers your question.
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