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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 > You got lucky, not smart
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Post by Unlucky13 on Mar 09, 2021 11:44pm

You got lucky, not smart

Buying at 27 cents for that kind of return was luck, you easily could have lost it all and were truly gambling at that point.  If I were you I would sell and take the money and run.  To make 466 percent is amazing and unheard of but if a stock goes down 99 percent it needs to go up 100 times to get back to even and that's where I am at. So going up 4.5 times from the bottom is just a drop in the bucket and not even close.
Comment by Snowballer on Mar 10, 2021 12:21am
Every midcap in the space pretty much did this and better. You holding from $50 to .27 cents was gambling These high returns are common for commodity pricing cycles. But one has to learn to buy at the bottom, not the top Unlucky. Valuing the future performance of a company based on your mistake from the past takes a special kind of ignorance.  Aren’t you tired of posting your delusions here?
Comment by Unlucky13 on Mar 10, 2021 7:11am
No delusion is thinking you are smarter than everyone else and you had some crystal ball to predict the bottom.  The energy collapse was of historic proportions and no one could have predicted it.  Delusion is being convinced this keeps going up when the metrics suggest it will take many years to pay off debt at these prices.  I am always leery of anyone who thinks they will know ...more  
Comment by Snowballer on Mar 10, 2021 7:23am
Not everyone else, just smarter than you Unlucky.  
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