Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

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TSX:BTE - Post Discussion

Baytex Energy Corp > Why the decline today?

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Post by DaveInvestor59 on Oct 13, 2021 2:05pm

Why the decline today?

I don't get these energy stocks. WTI is at $80.00 and oil companies are raking in the dough, yet Baytex is down almost 3% today and other energy stocks declining as well. It makes no sense at all. These stocks should be flying off the shelves at $80.00 WTI.

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Comment by BayStreetWolfTO on Oct 13, 2021 2:41pm

I look forward to the short report...also remember low volume. Shorts take advantage....but the trend has worked against them. Patience....when we start seeing earnings it will move quick Like Eric he got caught and missed out big selling at the wrong time....when it moves it typically does at open and those timing it miss it.

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Comment by deepblue on Oct 13, 2021 3:18pm

Eia will report Massive build. Oil is overbought and correction is happening now.

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Comment by BayStreetWolfTO on Oct 13, 2021 3:19pm

API & EIA seasonality - History lesson While some may think they are good forecasters saying it will be a build...(I bet today in Toronto I see a cloud...will I nail it lol) historically this is the issue...September and October SHOULD BE building and is already factored into the price of oil as most sophisticated oil traders KNOW oil should build through this time period. Why did oil NOT ...more

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