Baytex Energy Corp T.BTE

BTE & MEG

[Casey112]

Why has meg gone up this last month, percentage wise, compared with Bte? Meg is very close to its 52 week high, Baytex 50% away. Now I know why I own both:)

[JohnnyDoe]

It's never really a sound strategy to have all your eggs in one basket I own several cdn mid caps and a couple large caps, including MEG and BTE.  Personally I think that returns in the oil patch have been so good the past couple of years that we've become desensitized to them. I "only" made 30% last year kind of thinking 

[Chrisinvan7]

Agreed. We're in a stealth bull market and the longer it takes for people to wake up to this reality, the better for us who recognized it early. I personally will be a seller when I hear my uber driver talking about all the money he's making on canadian energy stocks.

[riski]

I was just thinking this week, how quiet the boards have become, and how low the volume is on the stocks. These are traditionally great moments to invest as they share prices tend to languish. This is what things look like last year in December/January before the war started. Investors get tired of the rangebound share prices and seek out other things with momentum. Most recently in the past week

[riski]

Good points JD.  BTE and MEG had a common base coming out of thr pandemic. They were both deeply leveraged, but he solid assets, good hedges, and no debt maturing for more than 4 years. The debt and oil crash left their share prices absurdly low - way beyond sensible. So I would think that there are many who own both based on this profile.  MEG has been doing all the right things

[riski]

Oh man that's terrible math. From the shares bought in the dark days of the early pandemic, BTE is 20x and MEG 11x. I need some caffeine.   

[1234bmth]

MEG was always better than BTE. When I first bought oil stocks it was around Oct or Nov 2016.  I bought MEG at around $6.75, BTE around $6.20, CVE maybe at $13.28 and eventually I sold most of my MEG and CVE and added BTE just thinking that it is way undervalued. Now 6 years later BTE is not even $6.20 ( lower than 6 years a go ), but MEG and CVE are in $20 to $ $30 range.

[Cobalt]

MEG is a gem hope i did not just make the same mistake just sold this great run for TVE, Next pull back i will get back into MEG