Baytex Energy Corp T.BTE

Not a bad move today

[PUNJABI]

All oil stocks are trading higher and WTI has crossed $64. BTE is doing better than most oil stocks. Today it is one of the most active stocks and on the top gainer's list.

Has a decent volume of over 7 million already on Canadian exchanges.

The market book seems to have improved as some of the big blocks have been taken out. When the offered size drops below 100k shares at every price level then the stock will be able to move much faster. Still no price gaps in the market book and a few large sell orders.

Oil stock valuations are way behind as they are not pricing in the current oil prices and offer great value. The oil sector is still being ignored by investors. It may take time but once oil companies start announcing improved financial results it will attract investors.

There are over 25 million shares shorted. Some short covering will help the share price.





Short Positions for BTE

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : BTE	2021-04-15	25,252,913	370,092	564,110,922	4.48
T : BTE	2021-03-31	24,882,821	-1,684,598	564,110,922	4.41
T : BTE	2021-03-15	26,567,419	898,707	561,227,367	4.73
T : BTE	2021-02-28	25,668,712	-102,715	561,227,367	4.57
T : BTE	2021-02-15	25,771,427	5,187,857	561,227,367	4.59
T : BTE	2021-01-31	20,583,570	5,488,985	561,227,367	3.67
T : BTE	2021-01-15	15,094,585	560,382	561,162,632	2.69
T : BTE	2020-12-31	14,534,203	-2,666,384	561,162,632	2.59
T : BTE	2020-12-15	17,200,587	-897,437	561,162,632	3.07
T : BTE	2020-11-30	18,098,024	517,758	561,162,632	3.23
T : BTE	2020-11-15	17,580,266	-816,037	561,162,632	3.13
T : BTE	2020-10-31	18,396,303	-1,367,948	561,162,632	3.28
T : BTE	2020-10-15	19,764,251	-118,059	561,162,863	3.52

House Positions for C:BTE from 20210428 to 20210428

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	3,284,345	4,366,943	1.33	1,683,223	2,238,134	1.33	1,601,122	-2,128,809
33 Canaccord	780,700	1,050,650	1.346	303,925	406,266	1.337	476,775	-644,384
77 Peters	100,000	134,000	1.34	0			100,000	-134,000
39 Merrill Lynch	61,800	82,194	1.33	36,000	48,520	1.348	25,800	-33,674
124 Questrade	34,670	47,237	1.362	19,550	26,034	1.332	15,120	-21,203
57 Interactive	11,900	15,845	1.332	0			11,900	-15,845
14 ITG	10,000	13,400	1.34	0			10,000	-13,400
13 Instinet	22,000	29,140	1.325	12,014	15,988	1.331	9,986	-13,152
89 Raymond James	29,900	39,767	1.33	20,335	26,696	1.313	9,565	-13,071
143 Pershing	5,000	6,550	1.31	0			5,000	-6,550
70 Manulife	3,000	3,960	1.32	0			3,000	-3,960
212 Virtu	2,300	3,174	1.38	0			2,300	-3,174
59 PI	387	534	1.38	0			387	-534
84 Ind Trading	100	133	1.33	0			100	-133
5 Penson	50	65	1.30	19	26	1.368	31	-39
101 SG Capital	0			200	266	1.33	-200	266
36 Latimer	4,902	6,512	1.328	6,510	8,640	1.327	-1,608	2,128
53 Morgan Stanley	45,300	60,469	1.335	47,800	63,540	1.329	-2,500	3,071
80 National Bank	56,620	75,533	1.334	65,689	88,077	1.341	-9,069	12,544
72 Credit Suisse	2,400	3,192	1.33	13,200	17,676	1.339	-10,800	14,484
65 Goldman	0			18,600	24,685	1.327	-18,600	24,685
88 Credential	3,919	5,175	1.32	29,950	40,957	1.368	-26,031	35,782
9 BMO Nesbitt	1,203,358	1,586,821	1.319	1,337,556	1,762,424	1.318	-134,198	175,603
85 Scotia	87,178	117,070	1.343	320,533	430,285	1.342	-233,355	313,215
7 TD Sec	368,093	494,204	1.343	659,771	883,851	1.34	-291,678	389,647
19 Desjardins	7,819	10,280	1.315	347,705	462,396	1.33	-339,886	452,116
79 CIBC	1,288,950	1,723,671	1.337	1,732,230	2,312,387	1.335	-443,280	588,716
2 RBC	114,914	153,218	1.333	874,795	1,172,889	1.341	-759,881	1,019,671
TOTAL	7,529,605	10,029,737	1.332	7,529,605	10,029,737	1.332	0

[Maxmoe]

The most enjoyable aspect is the 10 million shares added by shorts late January to mid February in an attempt to hold it under $1. Oh how the bashers regaled us with their tales of woe and doom. Now , bammo, they stayed short and are under water $4 million. If they still have jobs, the next performance review will be harsh. Bahaha!

[PUNJABI]

The short position from Jan 15 to Feb 15 of  10.6 million shares was created at a selling price of $.91  The short position has not dropped since then. They could be still holding most of that short position. At today close of $1.40, they could be underwater $.49 per share that amounts to about $5.6 million dollars loss. House Positions for C:BTE from 20210115 to 20210215

[Maxmoe]

Isn't that kinda exactly what I just said? You don't know what price the short was done atbecause you don't know the exact day or time. Live large, and just round it up or down!