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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 > Where would you put your money ??
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Post by IndianSparrow on May 09, 2022 7:03pm

Where would you put your money ??

Today was a day of throwing the baby out with the bathwater when it comes to broad market selling. Oil still in the $100+ range and Canadian O&G stocks sell off worse than tech stocks ??. You have to give your head a shake. Today looked more like capitulation selling and with low liquidity, algos had a field day hunting stop losses and eating margins. Fundamentally, O&G sector is the best sector to be invested in. Oil can drop to the $65 - $70 range and stocks like BTE are still a bargain at these prices. As always, retail investors are the worst enemy of their own money by panic selling their good value stocks when the tree is shaken. I am waiting for the trading volume to dry up substantially in BTE going forward. Then, we will see some real price gains. The MMs need all the weak hands out. The journey to the top is always a lonely one. GLTA.
Comment by BayStreetWolfTO on May 09, 2022 7:14pm
Looking YTD...certainly NOT tech. YTD Cdn O&G returns
Comment by red2000 on May 09, 2022 7:40pm
Here is below 38 CDN energy stocks that i watch daily !! Not bad so far in 2022 for most of them in a monthly comparaison ! Avg. increase of 58,2% compare to the WTI at only 37,1% but Nat gas reach 115,5% last week now today at 88,5% increase compare to Dec 31 2021. Strangely Nat gas stock only climb around 40% compare to 88,5% !!! Now, it's time to drill a little bit more to find, which ...more  
Comment by Unlucky13 on May 09, 2022 10:13pm
Yet oil is down $2 tonight and and that means another 25 cent drop tomorrow. If oil goes to $75 here BTE is a $4 stock and we will all be kicking if ourselves for holding through Q1 earnings. It sure appears tomorrow will be super ugly once again. The bottom has fallen out of oil and all the pumpers are trembling because they know how ugly BTE is when dropping. I wish it wasnt so but it sure seems ...more  
Comment by Eigen337 on May 10, 2022 9:00am
This post has been removed in accordance with Community Policy