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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 Nov 11, 2022 9:09am
215 Views
Post# 35090978

RE:RE:Lmao at traders who are caught outside again

RE:RE:Lmao at traders who are caught outside againSo true. I remember all the different names over the past almost three years during this run. One guy was confident it was going to go back to 30 cents when we were at 75 cents. Then he vanished.

The most famous was unlucky who wagered that we would see 50 cents before $1.00. BTE soared past $1.00 a couple weeks later. Then he changed it to a bet that it would be below $1.00 before it hits $2.00 (when it was trading at $1.25, lol), and he was wrong again as BTE roared past $2.00 in a heartbeat.  

This is just another stage of the run for longs with a new set of traders betting on "$6.85 before $7.50" soon to be left in the dust and never heard from again. 

The only way to handle that kind of painful regret is to never look up the ticker again. 

BayStreetWolfTO wrote: Riski, you worry too much...

What I get from this is the flippers are hoping for $6.85 LOL....

Think of how that number has changed over the last couple of years...LOL

"Hoping for a downtrend to $6.85"

Love it....waiting for 2023!

riski wrote:

This stock has been a lot of fun over the years. Our trader friends are caught missing the big move two days in a row while waiting for it to hit $6.85, but will now post today about how they bought in the 6's sometime this week but just announced the trade today, lol.

I can't imagine how bad that feels to be on the out side looking in. I would just be beating myself up with regret after missing such an obvious opportunity over and over again. Making and losing pennies day by day while others with courage make millions.   

Or maybe we won't see them at all today and we can ask "What happened to all the arrogant traders?





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