Baytex Energy Corp T.BTE

Big game taken down!

[TheWokeLemming]

Got me some at $7.72 and some CJ at 8.50!  Good luck all!

[Snowballer]

I could be wrong of course, but too soon. Could see $7 yet  

[Cobalt]

Maybe we should check the candles for a DragonFly Doji 

[Snowballer]

  and what do you see? I'm guessing sideways chop for a bit  

[TheWokeLemming]

I see I bought to early. Lol. Story of my life.  At least I didnt pay $8.  

[Snowballer]

based on the close you did good id say. And reality is anything under $8 seems like a steal based on fundamentals of FCF and valuation.  I took the chance to wait until tomorrow or until the MACD daily or even the 4h gives me a better signal to jump in. Looking to CJ, WCP and Meg as well to see their momentum cycle   

[Cobalt]

Less then 2% off the bottom if that holds up , who says you can buy a bottom?  tonight we say cheers

[Cobalt]

cant*

[TheWokeLemming]

Thanks!   We'll see tomorrow if it was a good buy or was impatient.  Anything under $8 for BTE is solid in my opinion. A little price stability on WTI will prevent demand destruction so this pullback is an opportunity in my mind.  

[JohnnyDoe]

I agree with you that anything under 8 is a good buy given higher for longer is the new mantra and there doesn't really seem to be anything that can be done in terms of a supply side responseI'm not much for tin foil hats but I'm starting to get a bit worried about the shenanigans government s might pull to limit demand

[Cobalt]

I see a too much sun to work charts right now , let this Fed stuff play out.

[TheWokeLemming]

Yes we could, but im comfortable with the prices I got.   Good luck!