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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 riskion Dec 09, 2023 9:23am
172 Views
Post# 35776126

RE:AND LMFAO!

RE:AND LMFAO!

Nice hit mas. Tech seems to be a perennial winner. Valuations are obscene. It's the opposite of energy. Almost pure speculation and hype. Sometimes really flimsy logic. 

In energy we have generational low valuation, actual cash flow (not just a dream), and money coming back to the shareholders because there is just so much cash, yet all the speculation is to the downside and there is zero hype. 

Something isn't right, and maybe it's me. The classical teaching no longer applies?


masfortuna wrote: 2 weeks ago my stop losses got activated here and I figured I would wait until after tax loss season to rebuy (was tempted the last 2 days). A portion of the funds I got from BTE I sprinkled into some bitcoin miners ( Hut 8, Digihost, and Bitfarms).  The first 2 I am pretty much flat but I am up 120% in Bitfarms thus far. What a joke! Doing all this research and reading up on oil numbers and be up only 10% this whole year anf ten in 2 weeks I get 12x with no effort. Life just isn't fair...

 

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