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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 1234bmthon Mar 02, 2023 11:22am
122 Views
Post# 35315196

RE:RE:RE:RE:RE:I wouldn't count on it

RE:RE:RE:RE:RE:I wouldn't count on it

I don't have any agenda, I give my opinion based on my past experience especially with BTE. I am holding BTE since 2016 and I initially bought it at around $6.25 ish and around the same time MEG was $6.75 ish now 6 years later BTE is $1 lower than it was when I bought it and MEG is more than 3 times as it was 7 years a go and most oil stocks are higher than 2016, but BTE is lower. For those who bought BTE post COVID it is fantastic, but not for those who hold it for a long period of time.


riski wrote: Sorry mas, that was directed at 1234 who seems to have an agenda. 

He had all day yesterday to take a position at a great price, and now seems to regret it, regret selling, or is looking for a lower entry. 

It's a good lesson in knowing what you own and seizing opportunities. It's not wise to trust that the short term market movements know what they are doing. There is inefficiency due to panic and group think. Yesterday was a case in point. 

masfortuna wrote: Sorry Riski i am not sure if you meant my numbers or 1234Alphabetguy. My numbers were off the top of my head as I was driving to work. I think I was in the ballpark. The other guy is just sour and has been for the last little while EVEN BEFORE the merger.



 

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