Baytex Energy Corp T.BTE

Think WTI Tests $87-$82

[Snowballer]

Will add more BTE on any further declines

[riski]

It's crazy to try to pick a bottom on something like this. Besides the difficulty in doing so (though admittedly you seem adept at predicting market swings), also the market has massively mispriced BTE for a number of reasons, and the opportunity will not last. I can't imaging how painful it will be to have known all of this, and to have had the opportunity to buy a 40% FCF yield stock

[Snowballer]

I have a position in BTE lol. I also sold all the runs as best I could back when it went to $9. It paid off. Woukd love to see it finally hit $12. This could be the year or next year. We shall see. 

[masfortuna]

Hey Snowy, September is usually a cruel month for 'energy" and October is only slightly better. Would you know be better served to sell the shares you own and wait for late October o buy at the market low? That would be the logical thing to do if you trade on technicals ad momentum right?

[masfortuna]

You it the nail on the head Riski. Keep in mind that our friend is a trader. If it does drop to those levels he may buy, but he will sell if he gets that 3-5% jump in sp. So a 3-5% jump in sp can occur at any level that the sp is trading at on that day. I am not really a trader, and I definitely don't trade stocks that I believe have an upside higher than 3-5%. To each his own.

[Snowballer]

Looks like I'll be able to add some at new recent lows.. see where this goes

[VeritasVern]

oil prices should.........reverse upwards after the EIA report. Assuming hard fundamentals dictate prices and not fear and manipulation.