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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 > BTE report
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Post by 1234bmth on May 05, 2023 11:22am

BTE report

It is the jump in oil price that is keeping BTE in green, the report was not good, with a good report and +4% jump in oil price, BTE should have been up more than 10%, we are just lucky oil turned strong today and hope it holds. Even now SP is starting to slide.
Comment by 60606060 on May 05, 2023 11:43am
Nothing goes up 10% after reporting. Sentiment is returning and BTE is a prize to have.
Comment by 1234bmth on May 05, 2023 11:55am
Check shopify yesterday and today, air Canada today and in the past oil stocks including BTE have done it. If oil was flat or slightly red and BTE up 3 to 4% then I would say OK the report is good. With today's oil jump, Dow J up 400 points, Nasdaq up 226 points it is obvious that BTE gains 3% 
Comment by Cobalt on May 05, 2023 12:10pm
17th on the energy index and dropping supports your thinking, bought more Meg yesterday on the lows 5th boo yaa
Comment by Cobalt on May 05, 2023 1:42pm
24th vs 3rd Now
Comment by masfortuna on May 05, 2023 3:52pm
Meh...You really are a glass half empty kind of guy. You literally said we probably won't see $5 again for a very long time BUT GUESS WHAT?  We are practically there.  It's obvious you don't feel comfortable with the large swings oil has been having so my advice is to sell and go buy bank stocks. Much safer eh?
Comment by 1234bmth on May 05, 2023 5:47pm
You may have bought this stock at a very low price during pandemic and setting on significant profit and your feeling and investment timeframe is significantly different than one like me holding BTE since 2016 at an average cost of $5.54 when I initially bought BTE at $6.20 ish, MEG was around $6.75 ish CVE was $13.38 ish, now 7 years later BTE is lower than it was in 2016 and look MEG and CVE ...more  
Comment by 1234bmth on May 05, 2023 5:53pm
And I should have sold BTE when it touched $9, but I didn't, that was a mistake. At current oil price and taking in to account BTE's peers, with a good management BTE should have been trading $12+
Comment by masfortuna on May 06, 2023 2:17pm
Well here is your chance.  Go sell and buy something you feel can do better or stay but try and balance your posts. If I wanted to hear someone lament their decisions all day long, I would just spend more time with my wife.  On that note, I need to go back to the greenhouse and return the plants I bought yesterday, because my wife thinks that the red flowers are too bright and would now ...more  
Comment by cgyinv on May 05, 2023 6:31pm
I feel the same, I also bought BTE since 2016, only several K, then bought >100K during pandemic, BTE was the most exciting stock until July last year, then become most lagged one Now I hold only 40K, most sold in 6ish, bought ATH and MEG instead, much much better performance People always say BTE has the most potentials, sure, the problem is when it beome reality
Comment by masfortuna on May 06, 2023 2:23pm
So you hold about $200 000 in a stock you don't believe in? Sure you do...
Comment by masfortuna on May 06, 2023 2:13pm
Then why hold something you feel is not doing what you expect AND you don't believe ever will? Taht's my question to you.  We have several posters here posting opinions that just don't make any sense and in all fairness your "Whoa is me attitude" is reminiscent of several (Unlucky13 you still there?). Nothing wrong with posting a negative opinion of what you think the ...more