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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 Very Much Got Rejected
View:
Post by Snowballer on Aug 17, 2023 3:40pm

BTE Very Much Got Rejected

Both at it's 200DMA when trying to cross back up and at the topline resitance of the continuoulsy declining longer term channel.

If it remains in the channel and tests the lower parts of same $4.47ish would be a very bearish area and worse would be a new 52 week low at the longterm bottom support trendline landing back in the $3's.

I'm simply looking at the channel range. On the positive side of things WTI will have to find support on the 200DMA if it goes there... if it breaks though and stays there, I think BTE trades within the longer term channel and it will be a painful couple of months for many here.

Make your bets and GL!

Comment by Nothingmatters on Aug 17, 2023 3:50pm
We have already made the bets. You and your wife can wait till it tests lower 4's lmao
Comment by Snowballer on Aug 17, 2023 3:53pm
Who dis: "Keep my wife's name outchyour fing mouph" hahaha Well i've got my fomo position all ready to go just in case. BTE has made me alot of money of the years. It's the gift that keeps on giving if you know how to sell. lol
Comment by dandu1924 on Aug 17, 2023 7:27pm
Him and his wife have a multi alias, don't you.
Comment by Cobalt on Aug 17, 2023 3:56pm
This chart would agree on the near term pain
Comment by GambinoB on Aug 17, 2023 8:39pm
Lookie what we got here Billionaire Kobe Cobalt and his sidekick snowshoe Alright baby back to the BTE board Everyobe ask nice Kobe Cobalt may include you in his private millionaires only clun Lmfao Joke traders missing the up and down shift Lmfao
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