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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 Unlucky13on Feb 02, 2022 5:24pm
163 Views
Post# 34390965

RE:RE:Under $5, dog!

RE:RE:Under $5, dog!Summer of 2014, I remember it well.  BAYTEX was flying high at $50.  I bought it on margin.  It dropped to $40 after buying Aurora and I thought it would rebound.  It went to $30 and then $20.  At $20 RBC had a target price of $44 and a worst case scenario of $10.  A worst case once in a lifetime drop was what would push it down as low as $10.  I loaded up at $20.  Bought lots when it hit $10.  Watched it go to $5 and then $2.  Loaded up the house at $2 on margin again and watched it go to 28 cents.  Was down to 18000 shares.  Went from $900000 and 100000 shares to 18000 shares and $5400 in my account.  Was down $300000.  Now an you $170000 and looking to make 100K more before selling at $6. Doesn't seem like we get there anytime soon, total dog for anyone who bought at $50 a share.  
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