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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 JohnnyDoeon Jan 11, 2023 7:02pm
259 Views
Post# 35217112

RE:RE:Longs

RE:RE:Longs
riski wrote: BSW exited around $6.80. He came back a couple times in the same range but then left again.

Apparently he got quite ill and by his own accord, is not young so I don't blame him for taking a safer position with his assets. He may not have the timeline to let things run if needed.

If I got seriously ill, I would probably close my high risk positions as well. It would be hard, if not impossible for my wife to figure out what to do with it particularly since she has no interest in finance. 

People sell for many reasons, many of which have nothing to do with the long term prospects of a company. But we only buy for one reason. 

I've been here since 2014 and I've honestly never been more optimistic about oil and Baytex. The future is bright and there is much value here at $5.75.

AirBr72 wrote: Hey guys
I am a long term holder for many years, took some safety positions off the table on several highs, but wanting to hold the rest over the next few years. That being said, nobody wants to see prices lower than they should be. IMO we should not be below $6, and more like mid 6’s plus, just my general opinion when comparing to other plays. Question – Where is BSW these days? I did see mention some time ago that he was sick, he of course was always the number one Bull … any insights? With the expectation of more buybacks in 2023, and debt re-payment, this stock needs to be at a modest $10 by end of 2023 … IMO assuming WTI stays $80-$100 range (for the most part) - Thoughts?




Do you recall a post from BSW stating he exited his position? 

I recall him being away from the board for about two weeks, citing a health issue and then briefly but infrequently returning. 

I used to DM with him frequently and during that period where he was sporadically here, he was responding to DMs. 

My last note to him was in October and has not been read. My suspicion is he exited and i don't mean his position 
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