Baytex Energy Corp T.BTE

Blow out

[marketsense]

Wonder how many investors got scared out of their shares today.  The sky is falling
nonsense is getting a bit much and as usual while overdone IMO,  nevertheless
never seems to fail in cleaning out a lot weaker shareholders of their stock.  Once
this is done,  hopefully the market will come to its senses and realize their are more
bullish factors for oil than negative ones and we see  recovery happening over the 
next while.  More draws,  cuts and China data etc should begin to drive some common
sense into peoples brain.  Overreaction usually means opportunity IMO.

[deepblue]

How about those investors who got scared out of their shares last week at $5.20. Lmao!!!!!

[David01montreal]

This post has been removed in accordance with Community Policy

[deepblue]

Marketsense is the classic example of an investor in denial and attached to a stock they cannot sell. Instead they blame weak hands and other nonsense for the decline in share price. Seen it so many times..

[marketsense]

Yes and so have I.  How many times has the oil market crashed hard only to come back.  Now I am not saying those that sold higher weren't smart or lucky,  but oil is a volatile commodity and highly tradeable.  If you're not willing to trade it but only willing to sell it after it crashes,  then you are either locking in losses or locking out gains from its recovery

[checkup]

Josh Young of Bison Interests said today that this weakness in oil & gas is because of Russian dumping..... Putin isn't liking the huge price drop I bet and OPEC isn't happy either.