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 > I thought I heard a train coming haha

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Comment by TheWokeLemmingon Nov 18, 2022 9:36am

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Post# 35109941

RE:RE:RE:RE:RE:I thought I heard a train coming haha

Poor Snowball.

"Just leave me be". Sorry bud, your ego has taken over the board. Congrats on calling WTI right and then losing money. SMART!

Have some more humble pie buddy. You need to consume much much more.

Snowballer wrote: My statement is accurate, your's isn't. Oil is a correlated indicator (the "underlying" driver). You questioned me about a $3 dollar spread on WTI and why I would sell the stock. If if oil went up $1 from here that doesn't make the Stock a buy. I don't think you're nuanced enough or perhaps I am overlay nuanced.

Either way why don't you guys just leave me be? Notice I don't try to tackle your posts?! Cause I could care less about what you post. I'll read it and if I have a genuine question I'll ask.

Clearly I'm getting uder your skin.

masfortuna wrote:

Snowballer wrote: lol wow look at all my customers this morning.

1) I'm trading stocks with oil as an indicator (i'm not trading the commoditiy)

2) The SP performance is at risk of much further underperformance

3) I preserve capital and don't mind spending a small amount of money to flush out my tail risk trades.

4) It's no big deal to me to buy back in higher if my confidence on the diection and momentum is increased. THIS IS LIKE A HEDGE AND IS BOUGHT AND PAID FOR IN STEP 3)

masfortuna wrote:

Snowballer wrote:
To use my last analogy lol see if I will jump off it today. Fortunately because I trade this will cost me a fraction of my last trade's profit.

we shall see! Perhaps I'll add instead. GL everyone

If your call was for a max low of $77 (3 days ago) and you already bought, how does it make sense to sell at $79???

So if I understand this correctly, when you want the sp to decline, you post here that you expect WTI to decline and will hold off on buying. If you get it wrong, then you post that you don't trade the commodity. Is the above statement accurate???