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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 > This we can all agree on!
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Post by Unlucky13 on Jul 08, 2021 7:20am

This we can all agree on!

Down 30 cents in 2 days is not healthy.  I would be very worried because John Q Public obviously is more worried about OPEC and the UAE than Wolf.  


BTE price targets 


At $70 oil it's a $2 stock
At $65 oil it's a $1.75
At $60 oil it's a $1.50
At $55 oil it's a $1.25
At $50 oil it's 99 cents

Clear as mud.  The above numbers can't be disputed as evidenced by the 30 cent drop that occurred following the news about UAE.  BTE is down 30 cents following a $3 drop in the oil price.  At these accelerated metrics but even Wolf can argue the price targets.  

My humble opinion is until the UAE situation is resolved it's going to be a rocky descent in the oil price.  The UAE drama has topped the oil price for the year.  I was excited to tell me Dad BTE was $2.60 but can't now because it dropped so violently the last two days.  My Dad is a realist and he only wants to know the share price, not the potential.  Telling him this guy Wolf thinks it's god if th price drops won't cut it.

Oil sure looks like is has topped at $75 oil and that's a $2.50 stock.  Nothing more and nothing less.

$85 oil if it happens get us to $3.  Every $5 in oil means 25 cents either way and we can all agree on this.

No one should be happy about the last two days or the price action.

I think oil is going back to $65 here with the noise and that means a stock under $2.  Sorry, don't shoot the messenger, it is what it is.

Comment by BayStreetWolfTO on Jul 08, 2021 7:33am
This is great entertainment. You should get with the Deepblue guy and make a movie for those empty ciniplex theaters While you run to your dad...let him know today BTE will still bank $1.25+ million Free Cash Flow today. To your point thankfully Joe Q public and you are not sophisticated oil traders. WTI still a VERY healthy $71+ Please tell me your not in health care...I don't want someone ...more  
Comment by 1234bmth on Jul 08, 2021 8:45am
Oil may go down but not lower than $68 in short term unless the demand crashes because some sell due to fear of the UAE and SA news and some may short sell oil hoping for a OPEC+ break down, but currently physical oil market is very tight until April 2022. OPEC will certainly reach a deal before the expiration of the current deal, oil will trade in the range of $68 to $80 until April 2022 and at ...more  
Comment by topdown99 on Jul 08, 2021 9:16am
About all WE agree on is that we all hope today wipes out unlucky . He should be getting another ficticous margin call on his virtual account .