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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 > Trouble tomorrow - oil down
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Post by Unlucky13 on Feb 02, 2022 8:21pm

Trouble tomorrow - oil down

For the poster who said to diversify absolutely you should if you are up $250000.  BTE can absolutely  drop 25 percent here.  It's a ping pong rollar coaster and not stable.  At $70 oil it's a $3 stock.  Everyone here knows that but won't admit it.  SU is much more blue collar and stable.  Won't be surprised at all to see a $4.35 price and $82 oil next week.  No guarantee to get a bump before earnings.  I am up and chancing it but it's very possible for a dollar slide before it accumulates and goes up.   It's not going to be straight up to $6 here.  For those in the know intra day trading doesn't matter.  This didn't close above $5 and my new prediction is $4 before $5.  Sadly this will be red tomorrow with oil down overnight.
Comment by ChickenLittle13 on Feb 02, 2022 8:29pm
Tech is going to bring everything down tomorrow. Just like happened few weeks ago.  Accumulation opportunity 
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