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.

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Baytex Energy Corp > fear of inflation and recession

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Comment by BayStreetWolfTOon Jun 23, 2022 2:56pm

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Post# 34778113

RE:RE:RE:RE:RE:RE:RE:RE:fear of inflation and recession

Cobalt, Cdn junior miners that was the good old days.

Not sure if you ever got into it....but my big wins back than inlcuded Dia Met, Southern Era and Aber Resources (my memory is fading almost 3 decades ago now)...but I remember the excitement of it...from pennies to big bucks.

Having been in the field up North I just recall the great silience..you could stand still and hear nothing....not like this city stuff today. It was true peace. I miss looking at core samples and watching the drill go...that was fun stuff....now stuck in a chair watching what I can on a screen lol.

Back than yes lots of shenanigans to get a bigger chunk....I found just holding and staying long won the game...

I have been a long-term player since (versus short-term trading)

I did have a friend who tried to trade it all...unfortunately he missed out....for years I felt bad..

Cobalt wrote: Traded junior Candian miners for decades only way to beat the pros was to keep stink bids in like 15-20% down for when they ran the stops and stole mom and pop shares i guess we doing major indexs now too ;)

BayStreetWolfTO wrote: Yes Cobalt, not Cdn O&G only....

Cramer literally called an oil bear market after saying oil won't drop LOL.....all the tech guys freaked out took major loses and went back to tech...now us oil longs are still up YTD but it was a wild ride.

BUT the interesting thing is the NASDAQ is almost flat for 3 days....so how much would I bet to say the big boys on media said bear oil...bull tech....and as retail shifts the big boys maintain the level and sell into the buying (what we are seeing)

Now with O&G back to better levels they slowly accumulate.

You have to think like them...

It's almost evil lol

Cobalt wrote: XLE American index 25% off the highs , CVE 25% off the highs TOU 23% off the highs SU 20% off the highs , tells me it is not a Canadina tax leak

masfortuna wrote: No there is more to it. I supect a leak about a tax is causing all of this. This is sector wide and not just BTE.