Baytex Energy Corp T.BTE

Where's riski

[HighOctane89]

Didn't riski say he/she had 3 million shares ? That means riski lost $600,000.00 (so far) today alone

[riski]

Ha I'm here and adding today, but I've only just reached1.3 million shares....and not selling a single one. In this subdued oil market, this is a $7 stock. With proper oil company valuations, north of $9. With $100 oil, well we will be looking a double digits...more than double from here for sure. These are the days that are the hardest to buy. But the hardest days are the days where the

[HighOctane89]

I'm sure that's what they all told each other last time when a stupid purchase took bte from $50/share to 26 CENTS . Oddly enough , that's when I first got interested in the "recovery" story .  Honestly riski , if I had a spare billion or 2 I would buy the company outright , fire Greager and sell off the parts . Assets alone are worth twice the share price , LaFehr had

[riski]

Without question, the acquisition took many by surprise. The market is not in the mood for acquisitions like it was in the 2000s or even 2010-2013. So there was going to be shareholder churn and that was discussed by many including myself on the day of the announcement.  It's hard when the share price goes down, and we are hitting some lows today, but the value of the company has not

[Snowballer]

Riski, is BTE your biggest positioned oil name? Is it your only oil name?   

[riski]

No, I also own HWX and MEG. HWX is a little over a million shares. MEG is quite a bit smaller at 225,000 shares.  I have other things too. I'm not just an oil guy, lol. 

[Snowballer]

Glad to hear it. Damn, you rich!! lol

[dandu1924]

Anyway, this is good to clean up the BTE shareholders, the weak and little shareholders must go away and keep the real investors, for example today,  Peters broker ( institutional client  ) still buying and accumulated  BTE stock, so this is good to have the big holders back again, to compare with the little cheap pennies flippers, this  clean up  must continue  and

[riski]

Yes, I saw that too. Peters hasn't been in on BTE since the early 2010s. BTE was definitely not on their pick list of recommendations. Peters is a very shrewd investment bank with unparallelled knowledge in Canadian oil and gas. So to see them hitting the ask is a very bullish sign. I suspect they were more than a little angry in getting snubbed in the $3.4 million dollar financing deal that

[robert41]

Peter's bought 22000 shares today but is a net seller this week of 200000 shares... I don't understand your excitement. 

[Sugaree]

Do you have access to the numbers? i.e. how many shares Peters have accumulated, net buying and selling, since say, the deal was announced? Thanks in advance. 

[robert41]

Peter's is net positive 1,200,000 since the deal was announced.

[David01montreal]

This post has been removed in accordance with Community Policy

[JohnnyDoe]

Weren't you just accusing someone of the soft bash? I find you are a more obvious soft basher, always have been 

[deepblue]

Im sure he'll add another million more when it goes back to penny stock status next week. Lmao!!!

[deepblue]

He's down another $200k today. Oouchhhh!

[David01montreal]

This post has been removed in accordance with Community Policy

[deepblue]

He's down another $325k today. That's over $500k last 2 sessiosn. Ouch!

[Nothingmatters]

Do you think anybody speaks the truth, this boards is full of frauds and pumpers

[Snowballer]

And people queston me on saying BTE is a terrible use of seious cash lolll

[riski]

A good use of cash? Buying BTE today would have been a good use of cash. But it sounds like you weren't in the mood. ;)

[riski]

Yes and way more than that since June last year. Yet a remain very confident that we will eclipse those June highs in the coming months and oil is going much higher from here. This is deep value for baytex, deep blue. You might be happy with bake sale level profits as you jump in and out of names, but opportunities like this are very rare. I wasn't going to let it pass without swinging for