Baytex Energy Corp T.BTE

5.87

[Nothingmatters]

People just believe whatever suits them without looking at the facts in front of them...jmo.

[Nothingmatters]

5.50 in sight

[IndianSparrow]

And why would it hit 5.50 ??  BTE is right at its 6 months, 1 year and 3 year support line. $5.85 - $5.87 is the support area and it might test the stops below that just to mess some nervous longs.  The overall market sentiment is driving this irrational behaviour.  Eventually, good sense will prevail and hopefully all weaklings would have been flushed out. GLTA.

[Nothingmatters]

5.43 is its 30 day moving average...if demand goes by 10 percent oil goes straight to 70s, then $3 is not even out of the picture... interest rates decrease companies valuations.... Did you ever say it will go below $6. No but it went to 5.87 lol... 5.50 is not far away glta

[IndianSparrow]

Who knows what it will do in the short term. But I rather be in the play than sitting out and watching. For technical and fundamental reasons, it is way more risky to be out of this. Now if you are losing sleep because of volatility then this is not for you. Also, keep in mind that there is always a takeover angle in play which nobody is talking about currently on the BB. Sometimes it just comes

[Nothingmatters]

I call the top in energy.. share price appreciation will be a lot harder to come now...the companies that will garner future investmentwould be dividend paying. So bte is gonna lose out...just saying. Jmho. I prefer to be out. For me cash is king. I can sleep better at night. Glta