Baytex Energy Corp T.BTE

I've been pretty positive about BTE....

[CoachAmI]

...but this is the second notification I've received from Simply Wall St regarding insider selling.  Does this concern anyone here?

Notification stated:

Independent Director recently sold CA$750k worth of stock

On the 8th of November, Trudy Curran sold around 100k shares on-market at roughly CA$7.50 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade.

• This was the largest sale by an insider in the last 3 months.
• Insiders have been net sellers, collectively disposing of CA$1.1m more than they bought in the last 12 months.

[Relaxrelax]

Not concerned at all.  There's been 4 sells in all of 2022 for just over $1M.  That's nothing.  Can't even come close to buying a nice house in Calgary for that.  :)

[HighOctane89]

Without knowing the reason why Trudy sold those shares , its all guesswork Ami . I never like it when insiders sell but I don't see any reason to abandon ship either . Could be profit taking , could be something else but it was only 40% of the position .

[ratsnake220]

insider sells.....when you see one person sell its really not that big a deal....Maybe she was buying new house...its only when you see multiple sales around the same time one could take notice......the thesis with these stocks is the same....80 dollar oil they print money.....and pay down debt.....and buy back shares....looks like entire sector heading lowers on headline news....

[MoreCarbon]

Maybe New head Cheese, maybe job opportunities at other firms, maybe it will be a good Christmas :)