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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 > Observations
View:
Post by Snowballer on Aug 01, 2023 6:48pm

Observations

June 2022 $9.16 high  81 RSI Daily Chart

Nov. 2022 $8.15 high  69 RSI Daily Chart

August 2023 $5.54 high 75 RSI Daily Chart

BTE is a pain in the *ss stock lol  The highs are brief and the time inbetween like torture as it only keeps downtrending over time. But when it runs it runs loll.

My target for the stock is $6.30ish based on connecting the trendline from the previous highs which tends to match a few of the analysts target and forms the longstanding downtrending channel.

I'm not in it at the moment but in other plays. If we open under $5.50 it may be worth a jump back in for me.

If you're long and you see 81 RSI one day consider taking some off the table.




Comment by Cobalt on Aug 01, 2023 6:55pm
Thanks good info oh take my 75 off the table for now ;)  "Oil Prices Balloon On Largest Single-Week Crude Inventory Crash In Years"
Comment by Snowballer on Aug 01, 2023 7:05pm
It's our ability to adapt and pivot that makes it fun and interesting. Cause if we knew the future we wouldn't have to work so hard lol.
Comment by Cobalt on Aug 01, 2023 7:18pm
Working hard to find a under owner Oil ;) found one most are overbought, Nice W formation break-out with a retest today cheers
Comment by Snowballer on Aug 01, 2023 7:20pm
Look how cheap Birch is...
Comment by Cobalt on Aug 01, 2023 7:27pm
Own it , looking for heavy oil.
Comment by barneyj44 on Aug 01, 2023 7:50pm
Agree and a 10% yield to boot.
Comment by Snowballer on Aug 01, 2023 8:43pm
I'm lovin that yield.
Comment by barneyj44 on Aug 01, 2023 7:59pm
Agree and a 10% yield to boot.
Comment by Snowballer on Aug 01, 2023 7:28pm
which ticker?
Comment by Cobalt on Aug 01, 2023 7:34pm
Too the DM's board does not get my pick yet LOL
Comment by masfortuna on Aug 01, 2023 9:41pm
I don't know about $6.50 over the next couple of days but I DO see $6 as possible. Yup 81 rsi should be a sell.
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