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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 > Eye Test failed - Any investors here pre Raging River
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Post by Unlucky13 on Dec 18, 2021 7:42am

Eye Test failed - Any investors here pre Raging River

BTE is failing the eye test and omicron is killing us.  $2.99 by Christmas.  The $5 dream has evaporated. Remember the bloke who said $10 in a few months, they are even worse with their preposterous takes.  I have been consistently right in the sense that the stock has an upside of $5 if all factors align and things come together.  That scenario seems like a pipedream now.  


I remember buying at $5.90 on the way down trying to catch the failing knife thinking I was the cat's pyjamas.  7 years later we are still getting our teeth kicked in daily and the stock has flatlined and appears to be gearing up to sink even more.  After raging River deal the stock dropped from $6.39 to about $4 in a matter of weeks.  We have never recovered and the only happy investors here are those who were fortunate to buy in at 38 cents of 55 cents or under $2.  So much for the excitement of being listed on the TSX.  Any pre Raging River investors here, you must feel the same pain as me for holding this mule for years and still being underwater.  I have been stopped out on margin so many times with this dog.  It truly is a dog and two years later Covid is still raging.

The TSX listing and Clearwater find aren't strong enough catalysts for this dog.

Comment by Natgasbc2021 on Dec 18, 2021 6:46pm
I was a Pre RR Shareholder.. Your #s are off.. Friday before RR announcement BTE dropped quite a Bit to Around $5.1 ish and gapped down to $4.7s on the Monday (That Gap is Still Open) I averaged way down after Covid Crash.. Cashed out Oct 25th 4.24 and haven't held BTE overnight since.. Its a hell of a trading Vehicle but this is definitely not a buy and hold right now.. Look at WTI.. I was ...more  
Comment by Unlucky13 on Dec 18, 2021 7:43pm
Well, the weeks and months leading up to the Raging River deal saw BTE sliding.  The day of numbers sound correct on your end but my point being we haven't crossed the levels we were at share price wise pre Raging River.  I am scared here because I know how ugly things can get and fast.  When Omnicron first was announced I knew that was a sell signal and should have sold ...more  
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