Baytex Energy Corp T.BTE

It's not Eric .....

[HighOctane89]

I don't get why any selling is immediately blamed on Nuttall when he is one of the few people who specializes in and supports Canadian O&G . Nobody bats 1000 so don't get too high and mighty before the game is over . Any other sector does well , the market cheers but when O&G has a good year , its criminal and the president deputizes a posse to hunt them down .

Nickel and lithium have risen so much that EV's are $6K to $8K more expensive because of battery costs , where's the outrage ? Coal is up 350% as a last choice fuel option without it being called out . If there's a failed wheat crop or a bad coffee bean harvest because of frost and prices spike , well your toast and coffee will just cost more . Its not the farmer or the miner to blame , its supply overwhelmed by demand . O&G has been hamstrung by government regulation designed to disable the domestic industry for years and now are vilified for not building and drilling things they couldn't get a permit for . The double standard is glaring .

In contrast , Elizabeth Truss's first day as UK PM she announced ......
 - lifting of the ban on fracking
 - the "green" tax on utility bills suspended for 2 years
 - encourage additional oil production over the next 2 year
 - the UK is open for business and a friendly jurisdiction 

Germany has relabeled natural gas as "green" and Europe continues to buy Russian oil . Venezuala needs $60 billion to repair its failing refineries and who do you think is helping Maduro ? Iran .

The world is making moves and executing plans , Canada stands like a deer in the headlights while the movers and shakers eat our lunch . To add insult to injury , the media turns a blind eye to reality and spews left wing propaganda of Iranian oil deals that never happen , increased production that is actually an SPR release distorting an under supplied market or "possible" demand destruction in a full employment economy . The story is always negative and oil is the new villan when it is without question , the most important commodity and an abundant supply should be encouraged , not discouraged . 

Right now the market is playing a game of chicken , the fear peddlers against weather and continued demand . An early onset of winter accompanied by a polar vortex or 2 will crystallize this argument real quick .

[Teddybull13]

Great comments, well written. Thanks 

[dllscwbysfn]

 I totally agree with everything you wrote. For me the last few years have been difficult as I am to the point that neither the elected nor the media can be trusted. 

[HighOctane89]

Thanks for the kind feedback , I understand peoples frustration but getting mad at Eric is pointless . Nobody held a gun to anyone's head and either forced them to buy or hold , everyone makes mistakes but the smart ones never make the same mistake twice . Cheers

[masfortuna]

Agree.  And they have managed to bring this into the classroom to create an entire brainwashed society. Case in point, My son's history teacher (she is a young supply teacher filling in fresh out of University) made a statement in class yesterday that the First Nations treated their womenfolk better because they did not beat their women (???) unlike the Europeans. My son came home with

[KarlMarx1]

Excellent post.   Anyone who cant handle the inevitable periods of declines in an obvious up market ought not to be in the game.

[Cobalt]

Obvious up market, really? Oil had a death cross and is in a well defind down trend , ok lol

[Cobalt]

Oh also well below the 200ma , most people call that a bear market , 200 is very close to sloping down now whatever ;P

[BobbyBoy]

Bear market? Maybe you need to scurry back to the IVN board and continues to lose money with Trip-Advisor on thta unmitigated dog.

[BobbyBoy]

that*

[Cobalt]

"A common definition of a Bear market is when prices drop by at least 20% for a minimum of two months." Oil down 30% check , June 14th Check  Types of Bear Market Just like in the fairy tale, there are three Bear markets: event-driven, cyclical, and structural. Each type refers to the factors that turn investors Bearish in the first place. Some of these are worse than others,

[riski]

I can't believe you guys all bailed on this. I've been here for a long time and added most at 0.33 cents in the dark days of 2020. This was a penny stock for pretty much a year.  On the way up I have seen this decline upwards of 50% multiple times. Can you imaging if I had sold when it went from 0.67 to 0.42? Eric did and jumped back in at $1.40 but then sold at $1.95 and then stated

[Cobalt]

I like Nat Gas so much better for now they cant play the same games there /shrug

[Cobalt]

6 months BTE flat BIR 70% next 2.5 months seasonals are so much better for Nat gas , I'll be back ;)

[riski]

Ok fair enough. Try to stay in front of it though. The seasonal trade on natty disappears surprisingly early, often only just after the cold weather starts. Sell in the anticipation phase if you can when everyone's most excited. Best of luck with your trades and we look forward to welcoming you back!

[HighOctane89]

Good points riski , one more thing to remember is all the bank forced hedges expire in less than 4 months now . Once we enter 2023 , BTE's true potential will be unleashed in an undersupplied market , just watch the FCF then .  As you stated , BTE has never been a smooth ride but but then the real investors are here for longer term goals .

[Stockhudson]

I hear you   I bought at .33 to average down   sold   500 at 9.12 and have 500 more for sale at 10.00 but guess I will have to wait    I dont mind waiting   almost bought more if it had gone below 6 bucks  GLTA  ESP THE long haulers