Baytex Energy Corp T.BTE

MEG bettered BTE again

[Unlucky13]

I think many here are missing the main point, oil is over $60 a barrel and BTE has plateaued about $1, $1.09.


At $70 oil maybe it's a $1.50 stock.  That leaves plenty of downside and makes the upside difficult. I think oil has to be $100 for the stock to be over $2.

Meanwhile MEG is almost $7, 7 times what BTE is!

[1234bmth]

Oil doesn't have to be $100 for BTE to be over $2. Just needs to stays at this level  or higher until the end of Q3, then BTE will be over $2.50 by then.the market reaction for oil stocks is slower than the rise in oil price, because investors are not sure that oil will stay at current price level, however BTE is going up at a lower speed than its peers, but has the potential to go up

[TrendSwapper]

You're so funny. What does the value of Meg's stock price have to do with ours? First of all, you need to compare using market caps, and secondly, there are a whole bunch of other factors that go into evaluating a company (production/assets/debt/etc). Doesn't matter...BTE is laughing at these oil prices and you're gonna get spanked.