Baytex Energy Corp T.BTE

SPR draw down 3.1m from last week.

[BayStreetWolfTO]

Down to 550m...

Keep draining...EIA this week will be interesting.

Note again API does not subtract SPR...do it manually.



https://wolfofbaystreetto.blogspot.com/2022/05/spr-draw-down-31m-from-last-week.html

BSW

[fortunefavorsus]

Oil reversed strong somebody got bullish news on oil but oil stock prices again lag the market.

[BayStreetWolfTO]

Why I have always preached share buyback...strong oil + buybacks = increaing my equity % at a lower cost.

[masfortuna]

Ithas been like this for about 1 month. ALL oil stocks are trading at the same levels or close to those levels from $85 oil. This morning oil was down 4%. I could understand oil stocks being down as well. Now oil is green and we are further down than we were when oil was red. Odd...

[topdown99]

My take on it mas is this , this is the only sector that the banks can't hold so rather than selling their own garbage they keep pressuring the O&G stocks to try and chase the smart money out of the market . As long as you aren't under any pressure , let them sell short right into our NCIB . BTE will be happy as a clam to hoover up all this stupidity and selling . Have a cold one and

[topdown99]

Look at it this way mas , we now have a $50M backstop which short mnded short selling may not be taking into account !!!!!!

[masfortuna]

I agree Tops. With the cash they are producing and the price of oil ver $100, these stocks should be going up exponentially. Eventually the chickens will come home to roost ;)

[Nothingmatlers]

Speaking of tops. I was tops with deepblue. Still bleeding. But we were closely watching OBE on the ticker...lots of red and blood. Might need stiches.

[Nothingmatters]

Obe will be issuing dividends to your mom soon...

[topdown99]

Absolutely mas , you look at all the effort sellers put into this today and really , for very little gain . As the NCIB strts to absorb the stupidity we will be looking at a rapid ascent into the double digits . The average chinese citizen is ready for another Tiananmen Square unless they are allowed to get out of their apartments to buy food , take a walk and start living again . When Xi loses

[topdown99]

You all really disappoint me , 78 views and not one like . You all wouldn't know a good joke if it bit you in the a$$ , lol

[Nothingmatters]

Bte is a dog nothing to like..

[1234bmth]

If BTE had fairly followed these news of SPR or inventory down or even $105 oil, now SP should have been $12+, but unfortunately so far it hasn't.

[BayStreetWolfTO]

Do you mean if O&G followed or just BTE? Seems to be all names I guess.. but still not a bad quarterly return....versus tech Top 4 on the TSX Energy Cap...holding their own SYMBOL NAME  LAST  3-MONTH %CHANGE AAV-T Advantage Oil & Gas Ltd  $  10.78 52.9% TOU-T

[1234bmth]

BSW, I agree from the point of time you are analyzing BTE has done very will, it went up from $0.30 to let's take today's price of $6.40 almost 22 times, but my perspective is different, BTE should had never gone  below 1$ And with a 10 to 12 time upside now it was $10 to $12 like MEG and CVE, but  when it did drop to $0.30 the rate of recovery should have been fast enough to

[BayStreetWolfTO]

1234, I agree and your statement supports my thesis which is why I am more weighted to the small/mid caps that were punished for debt versus large. I think mid/small caps were punished harder but when debts are down the playing field right sizes. Time will tell. My feeling is BTE gets to $12.80 before CVE gets to $36.60 (in the current oil environment) Time will tell...but at the end of the day