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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 > Shorted shares report just out...ending July 15
View:
Post by red2000 on Jul 21, 2022 9:15am

Shorted shares report just out...ending July 15

Wow ! A drop of 24% !

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Comment by BayStreetWolfTO on Jul 21, 2022 9:43am
Good indication of sentiment change
Comment by BayStreetWolfTO on Jul 21, 2022 10:02am
Red, I expected this. A year ago I felt the appropriate short % relative to others should be around 10m shares (you will always have a short position!) So I expect to drop a bit more. As we continue to buyback shares and eliminate debt your will see that continue to drop. That has been a good support for price at these levels. Q2 we see the next step in the debt and how the shareholder returns ...more  
Comment by red2000 on Jul 24, 2022 8:07pm
Just notice, shares shorted of Baytex for the 2 weeks ending july 15 decline by 23,7% or 4,772,972 shares.  I think it's a good sign.  See the top 10 decline shares shorted for this period in the energy sector. Most cie in this top 10 list already buyback their shares massively !!!
Comment by dandu1924 on Jul 24, 2022 8:49pm
This is a good sign because nobody on this board sounds like interested to talking about that, I am meaning shorters and day traders, does not like to talk about it, don't you. So the lesson don't worry about the future price of BTE, up,up, UP UP and UP, after the Q2, Q3, Q4 and 2023. fasten your seat belt and flush out the baot the shorters and the pennies flipper traders, good bye ( buy  ...more