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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 > Disappointing
View:
Post by Unlucky13 on May 31, 2022 8:49am

Disappointing

Premarket bids are $7.16.   $120 oil and we can't budge much past $7.  Russia has a ban on its oil and the Dutch just banned Natural Gas.  When interest rates spike tomorrow will we see a 40 cent decline?  If this doesn't spike today the fix is in and we will be back
under $7 tomorrow.   It sure seems like this is the upper end of the range and will be followed by a pullback to $6.  That has been the recent trading pattern.  We have to breakout of the $7.15 level and the Premarket bidding suggests we won't.  BTE sure having trouble passing the eye test.  NVA is $13.  At one Nuvista was 50 cents. We sure picked the wrong horse in the race.  MEG was $1.18, now over $23.   BTE just hasn't got the mustard to return to it's $50 glory days.  I really don't sense it will ever hit $10.  All these $12 predictions are far fetched in my books when the stock struggles to stay above $7.
Comment by Unlucky13 on May 31, 2022 9:54am
Here we are in the red.   What a dog that limps without a tail.  It's going to take many quarters of $120 oil and a dividend to make this go above $8.
Comment by unluckyl3 on May 31, 2022 9:08pm
My mom is disappointed in me too.
Comment by Mostawesomest on Jun 01, 2022 7:43am
Are you the last to realize this? Hey, you should spin your tales of woe for any of the new investors coming in...you may have half a chance at them buying into your story...I hope you took my advice and came up with some believable bs and not the usual "lost my dads money and cry all night driving uber" bs...evolve my guy
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