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 > I wish that I had more money to be a buyer here.

<< Previous

Bullboard Posts

Next >>

Comment by jleer42on Dec 07, 2023 2:54pm

168 Views

Post# 35773649

RE:RE:RE:RE:I wish that I had more money to be a buyer here.

Superficial losses - "30 day loss crystalization clause" - also apply accross accounts and to some affiliated parties such as a spouse including common law. It can be easy to get tripped up this, if you are booking losses it is important to fully understand its application.

p. 37
https://www.canada.ca/content/dam/cra-arc/formspubs/pub/t4037/t4037-22e.pdf

Moemoney42 wrote: Just to clarify my original post I'm not a seller (for tax loss as my cost base is really low) but would look at adding on this weakness provided by the tax loss sellers..
You are correct about the 30 day loss crystalization clause.. this is why I think today's levels are attractive as some will be looking to buy back in the new year IMO..??

DukesMtl wrote: I agree with your strategies but regarding tax loss selling of BTE now, if you were to sell now, would you buy back into BTE in 30 days? If I understand Tax loss selling correctly, that is how long you would need to wait in order to be able to claim the loss and what if BTE has regained ground by the and is back at 6.00 or more?

As far a pivoting from GIC to BTE & ATH, I would do the same.

Should the tumble continue, I will be selling some of my winners and buying more BTE & ATH plus CJ with the procceeds.