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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 > Not a conspiracy theorist but...
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Post by masfortuna on Dec 08, 2022 1:22pm

Not a conspiracy theorist but...

I had noticed a trend that 1234B also noticed.  The sp jumps at the open and then drops after 10:00.  Ihold a core but have some trading power and for the last 26 market days I sold at 9:45 and bought at 3:45. I did this with 3 companies and BTE is one of them. Guess what? 24 of the 26 I was in the green and I am up 52% on those 26 trades total. A few time could be coincidence BUT 95% is definitely not.  FYI the same thing happened today for a 1.5% gain.  Will buy back at 3:45. If this keeps up for a few weeks, I will actually be in the green with BTE. Never seen this before.

So anybody care to explain what that's all about?
Comment by itsalie on Dec 08, 2022 3:22pm
Well played, I have also noticed a simialr trend.. stocks sell off around 10am
Comment by HighOctane89 on Dec 08, 2022 4:31pm
It's a computer program , as long as Toronto wants to depress the price the algo pattern will remain the same . Well played mas
Comment by masfortuna on Dec 08, 2022 6:17pm
The price of wti goes green as soon as the international markets open and goes red when North america opens (or shortly after).  That's the pattern. It should not be based on algos as this is an essential commodity.  I am beginning to think it's intentional to allow cheaper oil worldwide and avoid inflationary pressure. If that is the case, then you can forget capitalism and free ...more  
Comment by HighOctane89 on Dec 08, 2022 6:54pm
I have been accused of being a conspiracy theorist with a tinfoil hat over the past 7 months but I don't know how this isn't obvious to everyone . Oil is being blamed for inflation and is under constant attack , kill the price of oil and kill inflation even though it's not that simple . Idiotic government policy put us here and now Wall St greed has left America with cheap gas as the ...more