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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 > I deal in two time
View:
Post by Unlucky13 on Feb 01, 2021 9:00pm

I deal in two time

Don't say you are 6 feet if you are 5 foot 11.  In real time oil was down, know it's up.  BTE foolishly hedged at $45, ridiculous move by management.  BTE is paying the price now but not going up lIke its peers.  It's going to take $70 oil to break $1.  Pathetic.
Comment by Unlucky13 on Feb 01, 2021 9:01pm
Real time.  Autocorrect.
Comment by Owlseye1 on Feb 01, 2021 9:06pm
Can you post anything positive Wow You definitely need help!!!
Comment by TrendSwapper on Feb 01, 2021 9:14pm
Yeah, and when I said it was doing better than others, it was in REAL TIME, you hypocrite. Looking forward to 70 dollar oil then. I love engaging with you and can't bring myself to put you on ignore. I like seeing you squirm...
Comment by Jamesedgar1 on Feb 01, 2021 9:16pm
Before listening to this retards cherry picking garbage, please take a look at BTE's own press release below. https://ca.finance.yahoo.com/news/baytex-announces-2021-budget-220500305.html Copy and paste release in search engine if necessary.
Comment by TrendSwapper on Feb 01, 2021 9:45pm
He leaves out key details with upside to 52, and only 48% is hedged. They are making bank at the current price of oil.
Comment by Unlucky13 on Feb 01, 2021 10:02pm
Making bank and it's 80 cents.  Come on man. Hedging 48 percent at $45 with upside to $52 is a complete head scratching decision.  It was a decision to survive.  Would rather go bankrupt than just trying to survive.  Oil has to go up to $90 for this to be a $1.25 now.
Comment by Jamesedgar1 on Feb 01, 2021 10:15pm
Amen! In a perfect world thinking about the short term, it would have been great if BTE could have kept trading on the American exchange, but at that moment it was all about survival and they are thinking ahead more than 15 minutes.. If OPEC and partners discipline (So Far) on production holds on, this could be a viable business once again in the medium term.  And with a sane intelligent ...more  
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