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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 will tell you why I post
View:
Post by Unlucky13 on May 04, 2021 7:17am

I will tell you why I post

I lost $300000 on this stock because BTE lost 97 percent.  First bought at $50.  Oil is up now but Premarket bids are flat.  Looks like some profit taking coming up.

Two people can own the same stock and one can be up 5 times and one can be down 97 percent.

I am the guy down 97 percent.  Until this goes
back to respectable level near where I bought it and no longer is a penny stock tinkering on the brink I can't get too excited.

If the stock goes back to $5 I will get excited and become positive but until than I see it it for what it is, a massive underperforming dud in the oil patch that cost me everything when I bet the farm.

I am not sure I will have the stones to hold it all the way to $5.  If I sell at $5 and it goes back to $10 I can live with myself.  I am also worried it goes up near $2 and than crashes back to $1.  I have witnessed this many times.  When everyone says it's a lock it usually Is not a lock.

I am just accepting reality that it will never get to$5 and that's a stinging blow and death for me.
Comment by Relaxrelax on May 04, 2021 2:36pm
You're living the past man! Baytex was $47, crescent point was $36, Nortel was $147!.....you're all hung up in the 90's man!  It's 2021 and your on earth!  Get a grip!
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