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 > Simple math

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Comment by GambinoBon Nov 28, 2022 7:32pm

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Post# 35135302

RE:RE:Simple math

Rotflmao

riski wrote: This is beyond ignorant. If O&G investing was this easy, everyone would be doing it. I feel bad for you and your bankroll if you are relying on this type of analysis to make your decisions.

This is far more nuanced and I won't go into the 30 or so details that also affect the share price other than the price of oil.

Nobody but a chart watcher would expect energy stocks to be tightly tethered to the price of oil.

smallcaptdr wrote: Starting with Oil at $123 so with Oil at $76 Oil has lost 37% so let's adjust SP from its high when Oil was at $123

BTE high at $9.16 now subtract the 37% drop in Oil puts BTE @ $5.77 currently @ $6.73

CPG high at $13.74 now subtract 37% drop in Oil puts CPG @ $8.65 currently @ $10.26

ATH high at $3.44 now subtract 37% drop in Oil puts ATH @ $2.16 currently @ $2.71

and the difference is added in hype on Oil heading to $90 and staying there, lol, this added increase will come back to bite shareholders when Oil stays in the $70+

I made money swapping shares today and I hold zero with zero risk!