Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 BayStreetWolfTOon Nov 26, 2021 4:05pm
248 Views
Post# 34170686

Great Rerate Black Friday!

Great Rerate Black Friday!For those too young to know about industry sector rerates here is a great example...this was a great day. Why you ask?

Well because much to the angst of the bears and shorts we rerated LARGE today

Facts and Data below (NO ONE CAN ARGUE!)

Jun 2nd, 2021
WTI = $68.83
BTE = $2.03

Aug 25th, 2021
WTI = $68.36 (tests $68 again)
BTE = $2.03

NOW WAIT FOR IT THE VALUE OF TIME MONEY AND RERATING

Nov 26th, 2021
WTI = $68.17 (tests $68 again)
BTE = $3.81

Yep that is a good ole time value of positive WTI over months and progress of the O&G sector in Canada

Now wait for the COVID garbage to rinse/repeat/disappear and WTI climb back to $80+

Now you see the next Everest push....

Bears and shorts not happy today and they will certainly attack me for saying "HOW CAN YOU BE HAPPY ON SUCH A DOWN DAY"


IT'S CALLED RERATE!!!!!!



<< Previous
Bullboard Posts
Next >>