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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 > $1 before $2
View:
Post by Unlucky13 on Jul 19, 2021 4:46pm

$1 before $2

Still maintaining my original belief that this dog hits $1 before $2.  What a dog!  Oil is in a tailspin with the variant.  Wouldn't be surprised at all to see oil back in the $50 range and BTE approaching the $1 level later this summer.  No catalysts and earnings will be offset by the lower oil price and OPEC opening up the floodgates.  It's going to stay ugly.  So frustrated I was stopped out and had to sell 20000 shares this morning.
Comment by BayStreetWolfTO on Jul 19, 2021 5:14pm
$1 would be great for share buyback. Short term and margin gamblers burned today. That said they take the risk of the global sentiment and people like you need to accept the consequences. DOW down big and the big guns stole your money.
Comment by Sugaree on Jul 20, 2021 8:54am
Oh, if only losing was winning. You would have been winning if you had switched to Nuvista when I suggested it to you.
Comment by yambego on Jul 20, 2021 9:20am
This post has been removed in accordance with Community Policy
Comment by topdown99 on Jul 20, 2021 1:15pm
I'm starting to believe unlucky is right , it seems this stock in particular (being so widely held by retail investors) is turning into the banks short selling ATM . Getting stopped out was no doubt a good thing , sell the rest before it falls any further . Between the political climate in Ottawa and Canada's misinformed population , it seems we are destined to be slaves to Saudi Arabia ...more  
Comment by topdown99 on Jul 20, 2021 1:39pm
Do you hear that "sucking sound" ?   That's unlucky going down the bankrupcy drain and along with him , his families future too .  I expect there will be a car with an Uber licence up for sale soon .