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Bullboard - Stock Discussion Forum 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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Just like that 62 cents
View:
Post by Unlucky13 on Nov 18, 2020 5:30pm

Just like that 62 cents

And another 5 percent in red in the after hours market.  Back to 59 cents tomorrow, profit takers are swooping in.  Looks like a one off and not a confirmed rally as massive supply and lack of demand woes continue to plague this stock.  Also, massive dilution and consolidation coming up soon as the NYSE delisting date will happen, to save the stock on TSX they will have to share consolidate in a 10 to 1 reverse split or 20 to 1.  May see $13 a share soon but have 20 times less shares.  Scary, as that almost always means a free fall back down to the price the shares were before the consolidation.  So not out of the woods and I can't believe people are getting excited about a 20 cent gain after the stock lost 99 percent of it's value.
Comment by 2020oilgamble on Nov 18, 2020 5:49pm
This post has been removed in accordance with Community Policy
Comment by topdown99 on Nov 18, 2020 6:17pm
I'm "just puffin my smoke here" and lmao , good response . Same as reachme last night , it generally takes more than a personal rant to turn a market .
Comment by Chris007 on Nov 18, 2020 6:57pm
In regard to share consolidations, in theory they should have no effect whatsoever. It does nothing to change the fundamentals or market cap. PD illustrates this perfectly, the macro picture is  improving with the vaccine news, so theres not too much interest in another round of shorting it at this point.  That being said, if a company has crappy fundamentals or if the macro picture ...more  
Comment by 2020oilgamble on Nov 18, 2020 7:07pm
This post has been removed in accordance with Community Policy
Comment by MuttPatrollives on Nov 18, 2020 8:43pm
This post has been removed in accordance with Community Policy
Comment by Unlucky13 on Nov 18, 2020 9:01pm
Need $10 a share and don't have any more money to average down.  What happens is every time this goes up 20 cents people sell it lower.
Comment by 2020oilgamble on Nov 18, 2020 9:22pm
This post has been removed in accordance with Community Policy
Comment by Marky1 on Nov 18, 2020 9:25pm
Thank you 2020! Like your comments So much
Comment by 2020oilgamble on Nov 18, 2020 9:49pm
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Comment by Maxmoe on Nov 18, 2020 11:21pm
Sound advice but wasted on unlucky who is either a delusional narcissist of trumpian proportions , or a paid troll I put on ignore a year or more ago. Some advice for you from an elder. Divorce is very expensive ..... but worth it. Trade up for a nicer model with better features and less mileage.