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.

TSX:BTE - Post by User

Baytex Energy Corp > Asking for a friend -Riski

<< Previous

Bullboard Posts

Next >>

Comment by riskion May 05, 2023 8:04am

226 Views

Post# 35432365

RE:RE:RE:Asking for a friend -Riski

Not millions of shares. I hold a little over 1.32 million. 900,000 of them were added at 30 cents. So yes averaging down at that point, but these days when I add it's always averaging up as my ACB is still below $0.70.

If I sold every time you showed up to tell me how stupid I am, I wouldn't have made any money on this.

Panic and sell low. That's generally your advice.

For anyone who did start a position at $9 (hard to do since it traded there for only a few moments), $9 is going to look cheap for this company in the next 12-18 months. It's only a matter of time.

Patience my friends!