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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 > It has been a long road
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Post by jimitwist on Feb 01, 2022 11:58am

It has been a long road

We are approaching a price point where I am almost back to my break even mark. I have been in  BTE since 2006, when I  paid $17.93 I bought 2 more lots in 2012 paying $52 and $43. After the Texas purchase I bought another lot in September 2014. At that point the dividend was 24 cents per month. I have  averaged down to where I am almost even. If we can get to where we have clearance at $5.50, I will put in a stop and start to peel off shares. Not because I don't believe in BTE, but because my share count is too high and make up a disproportionate part of my accounts. That being said, if there is an announcement of reinstating a dividend the price should jump.
Comment by Unlucky13 on Feb 01, 2022 6:43pm
Thank you for reminding people about how high this stock used to trade.
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