RE:RE:RE:HeadscratcherNextlegup wrote: 1234bmth
There is a difference between chronologically being at the end of Q3....and the day in which these companies get the opportunity to "Peacock their Q3 Earnings"...
The earnings have already been made for Q3, but frankly most of the North American market is ignorrant as to just how much money is being made by these energy companies...
By mid October, IMO, the audience and reputation of the sector is going to change dramatically...
and for Baytex...this will be the first Full Quarter of consolidated earnings since it's acquisition of Ranger...This is why insiders have been making large insider purchases these past few months...
The CEO grabbing a large chuck (in the $100's+ of thousands) at $5.64 as I recall, anyone care to reconfirm?
Cheers
I agree with what you are saying, no doubt if oil holds at current price BTE will jump in Oct, but what my concern is that recently almost all stocks are not moving up in line with oil price and BTE is dropping faster than most others, so the point is if doesn't go up now while oil is holding firm, but oil can't go up every day and a correction in oil price will bring down BTE significantly and even with a good Q3 results we may get at the level we are now.