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 > Where's riski

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Comment by riskion Mar 13, 2023 5:20pm

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Post# 35336061

RE:RE:RE:RE:RE:Where's riski

Yes and way more than that since June last year.

Yet a remain very confident that we will eclipse those June highs in the coming months and oil is going much higher from here.

This is deep value for baytex, deep blue. You might be happy with bake sale level profits as you jump in and out of names, but opportunities like this are very rare. I wasn't going to let it pass without swinging for the fences, and I'm definitely not going to check my swing by selling halfway up the mountain.

I have no idea how you make any money when you bash 100% of the time when oil is down. Which means you will hard to ever be in the right frame of mind to do well at this.