Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp > BTE short position can to be a trading short P.

<< Previous

Bullboard Posts

Next >>

Post by PUNJABIon Apr 15, 2022 3:44pm

1005 Views

Post# 34606802

BTE short position can to be a trading short P.

The great volume of 22.5 shares is close to 3 times the average volume. Nice gain of 8.92 % for the day. No big block trades and crosses. Strong institutional buying programs and HFT.

Few oil stocks created 52 weeks high. BTE is getting close to the previous high of $6.63. It has a big float of 564m shares. It needs mega volume to move the share price. Now that the stock is trading at a higher price it can list on the US exchange. That would generate additional volume directly from the US and would be easier for US investors. They have assets in the US too.

I regularly look at the short position of BTE to see if there is any serious short covering. This stock was trading at around $.40 in 2020 and the short position was over 30m. Oil prices had collapsed and some institutions were adding shorts to most oil stocks. But now the oil is over $100 and BTE is a cash cow why these short selling is still holding such are large position. The market trend has changed, now institutional investors are rotating into oil stocks. So why there is still such a large short position on BTE. Some would say 3.56 % is not big and normal. It is actually good for the stock because short sellers have to buy over 20m shares to cover their position.

HFTs are very active in BTE. It has a great average volume and it is a good stock to milk for short spreads and at times they control the range. I think some of these short positions are rotating short positions. Where HFT try to cover at a lower price and then creates new a short at a higher price. That way their shorting price would be much closer to the trading price of the stock and manage their exposure. In 2018 the short position use to be around 8m shares. I don't think that short-sellers would hold a losing short position for multiple years.

4 Block Trades

Time ET	Ex	Symbol	Price	Change	Volume	$Value	Buyer	Seller	Markers
09:47:20	T	BTE	6.10	0.27	76,000	463,600	1 Anonymous	79 CIBC	K
09:46:44	T	BTE	6.04	0.21	66,400	401,056	1 Anonymous	7 TD Sec	K
12:18:39	T	BTE	6.32	0.49	50,900	321,688	7 TD Sec	7 TD Sec	K
10:11:57	T	BTE	6.21	0.38	50,000	310,500	1 Anonymous	7 TD Sec	K

House Positions for C:BTE from 20220414 to 20220415

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	8,953,563	56,027,576	6.258	5,909,661	36,876,328	6.24	3,043,902	-19,151,248
53 Morgan Stanley	946,954	5,890,573	6.221	284,110	1,792,692	6.31	662,844	-4,097,881
85 Scotia	1,376,921	8,666,757	6.294	841,753	5,213,107	6.193	535,168	-3,453,650
72 Credit Suisse	496,000	3,086,747	6.223	19,200	116,861	6.087	476,800	-2,969,886
39 Merrill Lynch	1,076,969	6,697,720	6.219	754,376	4,725,317	6.264	322,593	-1,972,403
33 Canaccord	460,799	2,884,229	6.259	385,798	2,407,504	6.24	75,001	-476,725
79 CIBC	4,383,036	27,390,400	6.249	4,329,564	27,033,321	6.244	53,472	-357,079
57 Interactive	60,895	380,246	6.244	18,089	114,287	6.318	42,806	-265,959
80 National Bank	578,295	3,526,547	6.098	540,147	3,392,915	6.281	38,148	-133,632
56 Edward Jones	10,078	63,682	6.319	4,100	26,084	6.362	5,978	-37,598
143 Pershing	1,907	11,848	6.213	0			1,907	-11,848
59 PI	2,000	11,780	5.89	500	3,155	6.31	1,500	-8,625
25 Odlum	1,100	7,040	6.40	0			1,100	-7,040
28 BBS	1,615	10,320	6.39	1,126	7,042	6.254	489	-3,278
48 Laurentian	0			100	635	6.35	-100	635
77 Peters	0			200	1,278	6.39	-200	1,278
36 Latimer	9,512	59,228	6.227	10,229	63,790	6.236	-717	4,562
90 Barclays	3,822	24,095	6.304	5,000	29,600	5.92	-1,178	5,505
76 Industrial Alliance	3,000	18,940	6.313	6,000	37,410	6.235	-3,000	18,470
74 GMP	0			5,000	31,950	6.39	-5,000	31,950
62 Haywood	0			6,200	39,060	6.30	-6,200	39,060
68 Leede	0			7,500	46,367	6.182	-7,500	46,367
16 Paradigm	0			7,900	50,088	6.34	-7,900	50,088
5 Penson	35,478	222,587	6.274	44,117	278,387	6.31	-8,639	55,800
22 Fidelity	0			9,900	62,750	6.338	-9,900	62,750
84 Ind Trading	0			22,000	140,581	6.39	-22,000	140,581
89 Raymond James	5,100	31,998	6.274	28,948	182,339	6.299	-23,848	150,341
19 Desjardins	178,332	1,122,446	6.294	203,024	1,272,276	6.267	-24,692	149,830
17 Integral	0			25,000	152,953	6.118	-25,000	152,953
13 Instinet	73,562	460,744	6.263	105,364	666,165	6.323	-31,802	205,421
65 Goldman	30,163	189,370	6.278	77,075	489,156	6.346	-46,912	299,786
14 ITG	32,088	200,126	6.237	101,817	640,768	6.293	-69,729	440,642
88 Credential	34,574	216,293	6.256	105,322	660,270	6.269	-70,748	443,977
124 Questrade	74,390	466,281	6.268	252,472	1,578,838	6.254	-178,082	1,112,557
9 BMO Nesbitt	592,984	3,720,691	6.275	1,136,134	7,110,645	6.259	-543,150	3,389,954
7 TD Sec	2,002,206	12,569,978	6.278	3,484,709	21,747,299	6.241	-1,482,503	9,177,321
2 RBC	1,085,544	6,829,340	6.291	3,778,452	23,796,363	6.298	-2,692,908	16,967,023
TOTAL	22,510,887	140,787,582	6.254	22,510,887	140,787,581	6.254	0	-1

Short Positions for BTE

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : BTE	2022-03-31	20,083,144	-705,007	564,213,044	3.56
T : BTE	2022-03-15	20,788,151	-1,874,631	564,213,044	3.68
T : BTE	2022-02-28	22,662,782	720,359	564,213,044	4.02
T : BTE	2022-02-15	21,942,423	-229,898	564,213,044	3.89
T : BTE	2022-01-31	22,172,321	-955,702	564,213,044	3.93
T : BTE	2022-01-15	23,128,023	-93,474	564,213,044	4.10
T : BTE	2021-12-31	23,221,497	3,880,611	564,213,044	4.12
T : BTE	2021-12-15	19,340,886	909,009	564,213,044	3.43
T : BTE	2021-11-30	18,431,877	-2,086,125	564,213,044	3.27
T : BTE	2021-11-15	20,518,002	-269,610	564,213,044	3.64
T : BTE	2021-10-31	20,787,612	-815,458	564,213,044	3.68
T : BTE	2021-10-15	21,603,070	-1,443,399	564,213,044	3.83
T : BTE	2021-09-30	23,046,469	666,400	564,213,044	4.08
T : BTE	2021-09-15	22,380,069	193,721	564,182,201	3.97
T : BTE	2021-08-31	22,186,348	-1,187,718	564,182,201	3.93
T : BTE	2021-08-15	23,374,066	-1,252,919	564,182,201	4.14
T : BTE	2021-07-31	24,626,985	464,624	564,182,201	4.37
T : BTE	2021-07-15	24,162,361	-894,543	564,182,201	4.28
T : BTE	2021-06-30	25,056,904	-210,977	564,182,201	4.44
T : BTE	2021-06-15	25,267,881	-518,618	564,110,922	4.48
T : BTE	2021-05-31	25,786,499	-539,211	564,110,922	4.57
T : BTE	2021-05-15	26,325,710	5,813	564,110,922	4.67
T : BTE	2021-04-30	26,319,897	1,066,984	564,110,922	4.67
T : BTE	2021-04-15	25,252,913	370,092	564,110,922	4.48
T : BTE	2021-03-31	24,882,821	-1,684,598	564,110,922	4.41
T : BTE	2021-03-15	26,567,419	898,707	561,227,367	4.73
T : BTE	2021-02-28	25,668,712	-102,715	561,227,367	4.57
T : BTE	2021-02-15	25,771,427	5,187,857	561,227,367	4.59
T : BTE	2021-01-31	20,583,570	5,488,985	561,227,367	3.67
T : BTE	2021-01-15	15,094,585	560,382	561,162,632	2.69
T : BTE	2020-12-31	14,534,203	-2,666,384	561,162,632	2.59
T : BTE	2020-12-15	17,200,587	-897,437	561,162,632	3.07
T : BTE	2020-11-30	18,098,024	517,758	561,162,632	3.23
T : BTE	2020-11-15	17,580,266	-816,037	561,162,632	3.13
T : BTE	2020-10-31	18,396,303	-1,367,948	561,162,632	3.28
T : BTE	2020-10-15	19,764,251	-118,059	561,162,863	3.52
T : BTE	2020-09-30	19,882,310	-15,857,418	560,545,252	3.55
T : BTE	2020-09-15	35,739,728	-1,665,422	560,545,252	6.38
T : BTE	2020-08-31	37,405,150	-1,260,527	560,545,252	6.67
T : BTE	2020-08-15	38,665,677	1,866,739	560,545,252	6.90
T : BTE	2020-07-31	36,798,938	-3,387,495	560,545,252	6.56
T : BTE	2020-07-15	40,186,433	1,984,018	560,545,252	7.17
T : BTE	2020-06-30	38,202,415	2,110,447	560,545,252	6.82
T : BTE	2020-06-15	36,091,968	-1,025,132	560,545,252	6.44
T : BTE	2020-05-31	37,117,100	2,040,856	560,463,475	6.62
T : BTE	2020-05-15	35,076,244	-633,722	560,463,475	6.26
T : BTE	2020-04-30	35,709,966	-6,508,749	560,463,475	6.37
T : BTE	2020-04-15	42,218,715	2,436,168	560,463,475	7.53
T : BTE	2020-03-31	39,782,547	-21,427	560,463,475	7.10
T : BTE	2020-03-15	39,803,974	2,321,929	560,463,475	7.10
T : BTE	2020-02-29	37,482,045	3,537,642	560,463,475	6.69
T : BTE	2020-02-15	33,944,403	5,449,546	558,305,290	6.08
T : BTE	2020-01-31	28,494,857	-1,202,413	558,305,290	5.10
T : BTE	2020-01-15	29,697,270	-2,401,024	558,305,290	5.32
T : BTE	2019-12-31	32,098,294	1,306,035	558,232,561	5.75
T : BTE	2019-12-15	30,792,259	1,491,425	558,232,561	5.52
T : BTE	2019-11-30	29,300,834	-1,095,872	557,972,335	5.25
T : BTE	2019-11-15	30,396,706	41,399	557,972,335	5.45
T : BTE	2019-10-31	30,355,307	3,510,257	557,972,335	5.44
T : BTE	2019-10-15	26,845,050	1,495,826	557,972,335	4.81
T : BTE	2019-09-30	25,349,224	1,909,765	557,920,793	4.54
T : BTE	2019-09-15	23,439,459	57,172	557,920,793	4.20
T : BTE	2019-08-31	23,382,287	4,508,665	557,920,793	4.19
T : BTE	2019-08-15	18,873,622	-914,606	557,920,793	3.38
T : BTE	2019-07-31	19,788,228	1,199,534	557,920,793	3.55
T : BTE	2019-07-15	18,588,694	773,543	556,722,190	3.34
T : BTE	2019-06-30	17,815,151	1,917,977	556,722,190	3.20
T : BTE	2019-06-15	15,897,174	112,280	556,542,818	2.86
T : BTE	2019-05-31	15,784,894	-347,693	556,542,818	2.84
T : BTE	2019-05-15	16,132,587	2,209,346	556,542,818	2.90
T : BTE	2019-04-30	13,923,241	-572,330	556,542,818	2.50
T : BTE	2019-04-15	14,495,571	-931,527	555,872,167	2.61
T : BTE	2019-03-31	15,427,098	146,193	555,872,167	2.78
T : BTE	2019-03-15	15,280,905	692,903	555,820,037	2.75
T : BTE	2019-02-28	14,588,002	136,995	555,820,037	2.62
T : BTE	2019-02-15	14,451,007	-1,566,895	556,542,818	2.60
T : BTE	2019-01-31	16,017,902	-90,819	556,542,818	2.88
T : BTE	2019-01-15	16,108,721	-4,390,390	554,040,168	2.91
T : BTE	2018-12-31	20,499,111	1,167,754	554,040,168	3.70
T : BTE	2018-12-15	19,331,357	1,271,945	554,040,168	3.49
T : BTE	2018-11-30	18,059,412	1,061,242	554,040,168	3.26
T : BTE	2018-11-15	16,998,170	368,684	553,950,202	3.07
T : BTE	2018-10-31	16,629,486	-3,011,172	553,950,202	3.00
T : BTE	2018-10-15	19,640,658	4,591,317	553,950,202	3.55
T : BTE	2018-09-30	15,049,341	1,178,255	553,950,202	2.72
T : BTE	2018-09-15	13,871,086	-2,545,471	553,554,356	2.51
T : BTE	2018-08-31	16,416,557	-13,511,299	550,554,356	2.98
T : BTE	2018-08-15	29,927,856	-7,055,190	236,578,111	12.65
T : BTE	2018-07-31	36,983,046	2,528,797	236,578,111	15.63
T : BTE	2018-07-15	34,454,249	5,090,176	236,578,111	14.56
T : BTE	2018-06-30	29,364,073	22,276,784	236,578,111	12.41
T : BTE	2018-06-15	7,087,289	-1,299,756	236,578,111	3.00
T : BTE	2018-05-31	8,387,045	-4,328,575	235,450,896	3.56
T : BTE	2018-05-15	12,715,620	-539,309	235,450,896	5.40
T : BTE	2018-04-30	13,254,929	5,194,207	235,450,896	5.63
T : BTE	2018-04-15	8,060,722	-911,687	235,450,896	3.42
T : BTE	2018-03-31	8,972,409	395,945	235,450,896	3.81
T : BTE	2018-03-15	8,576,464	898,752	235,450,896	3.64
T : BTE	2018-02-28	7,677,712	431,978	235,450,896	3.26
T : BTE	2018-02-15	7,245,734	-143,093	235,450,896	3.08
T : BTE	2018-01-31	7,388,827	1,088,062	235,450,896	3.14
T : BTE	2018-01-15	6,300,765	-1,968,490	235,450,896	2.68