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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 riskion Sep 09, 2022 12:55pm
191 Views
Post# 34952510

RE:RE:RE:RE:RE:RE:It's not Eric .....

RE:RE:RE:RE:RE:RE:It's not Eric .....I can't believe you guys all bailed on this. I've been here for a long time and added most at 0.33 cents in the dark days of 2020. This was a penny stock for pretty much a year.  On the way up I have seen this decline upwards of 50% multiple times. Can you imaging if I had sold when it went from 0.67 to 0.42? Eric did and jumped back in at $1.40 but then sold at $1.95 and then stated his massive regret on BNN on episode because the stock took off to just under $3.00 in a heart beat.

This is what happens when you try to trade the ups and downs. Even the best trader in the world got burned.

Buy some shares and sit back. Oil is going over $150 this winter. BTE is a cash machine at $70+ oil. It's a casino at $100+ oil. $150 oil is insane for this company.

The biggest investing opportunity of my lifetime. I would never dare sell a single share. I continue to add on weakness such as this week. 

Cobalt wrote: "A common definition of a Bear market is when prices drop by at least 20% for a minimum of two months."

Oil down 30% check , June 14th Check 


Types of Bear Market

Just like in the fairy tale, there are three Bear markets: event-driven, cyclical, and structural. Each type refers to the factors that turn investors Bearish in the first place. Some of these are worse than others, since the causes can be harder to manage or have wider implications.

Event-driven

Event-driven Bear markets are a result of, as you can probably guess, major events. Pandemics are obvious Bear market triggers that can suddenly upset markets. Other well-known triggers are wars and oil price shocks, like the 2014 Bear oil market, which arose as a result of a production glut.

Covid-19 is the most recent example of an event-driven Bear market, though this was surprisingly short lived. Indeed, the Bear market for the S&P 500 index lasted only a month.

Cyclical

Cyclical Bear markets come from the ebbs and flows of economic cycles, usually taking place at the conclusion of a business cycle.

Interest rates often drive a cyclical Bear market. If central banks hike interest rates too far then businesses and consumers struggle to borrow money and make investments. This, in turn, leads consumers to cut their spending, hurting business profits and tanking investor sentiment.

Structural

Structural Bear markets, meanwhile, result from structural problems. These types of bear markets can often be the worst of the three since they are usually correcting a major underlying problem.

The 2008 financial crisis is perhaps the best known structural bear market, triggered by the bursting of the housing bubble.





BobbyBoy wrote: Bear market? Maybe you need to scurry back to the IVN board and continues to lose money with Trip-Advisor on thta unmitigated dog.




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