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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 > Going to be an ugly day
View:
Post by Unlucky13 on Nov 03, 2021 7:20am

Going to be an ugly day

The only thing that matters is the oil price.  It's going it be an ugly day with oil down $2. Grimes is wrong about the stock not going down before earnings.  I think we see a 15 cent haircut today and if all goes well we get back to $4.27 by Friday close. Lots of irrational cheerleaders here not using data or the facts.  Ben if the quarter went amazing with hedges we still will be 1.2 billion in debt and will
need 3 more years of current prices to get rid of ot entirely.  We owe $500 million in 2024, if oil prices go back to $50 this is back on life support as a $1.50 stock.  Nuttal's supposed buy will have little effect today as the price of oil is red.   Unless oil goes north of $100 this can't go to $5.  Stop cheerleading and realize this is a 4 or 5 year game and not a one quarter game.
Comment by bigstar10 on Nov 03, 2021 7:30am
Aren't you driving Uber today Unlucky13???
Comment by deepblue on Nov 03, 2021 12:10pm
Yes it's getting ugly for bte.
Comment by BayStreetWolfTO on Nov 03, 2021 12:13pm
Nevermind BTE... LOOK AT OVV TANKING HARD....THAT WAS A BAD PICK DEEPBLUE!!! Should have swtich to BTE...LOL
Comment by Moemoney42 on Nov 03, 2021 12:19pm
Heck you think thats bad... look at OBE.. down 11.6%  :-0
Comment by SchoolNmoe42 on Nov 03, 2021 12:43pm
This post has been removed in accordance with Community Policy
Comment by Moemoney42 on Nov 03, 2021 1:03pm
Make that down 13.08% now.. ;-0
Comment by SchoolNmoe42 on Nov 03, 2021 1:29pm
This post has been removed in accordance with Community Policy
Comment by Moemoney42 on Nov 03, 2021 1:51pm
I've held BTE for a long time... what shocks me is you post the crude banner after making another wrong call on the "bullish" EIA report.. good for you.. that's 2 in a row you missed.. 3 strikes your out..!!!  LOL..
Comment by BayStreetWolfTO on Nov 03, 2021 12:13pm
OVV DOWN +4.5% YIKES!!! HORRIBLE PICK DEEPBLUE!!!  
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