Baytex Energy Corp T.BTE

Peaks and Valleys

[Retiredgeo]

A glance at the WTI chart of the last year displays 69 significant peaks and just as many valleys.  Oil is a volatile commodity and oil stocks are just as volatile.  Right now we are in a valley. 

These peaks and valleys are only important to day traders and short term traders.  Any one who says I predicted this share price predicted the collapse in WTI - BS!  Anyone who says beware of a falling knife is extrapolating a three day chart!

We might get some more decline today in WTI then oil will stabilize and reverse and the valley will be over.  Good luck playing peaks and valleys.

[riddler]

So you predict WTI will rise after today?? Interestig or BS like you said in your post? 

[Kelvin]

Riddler! You're back! Great to hear from you. What are the market makers up to these days? Will they walk this sp down to under $4 like they did a couple of months ago? Then if bte reports impressive operating income then they'll let the sp rally? I don't pay much attention to fcf yield because even bte says that they use non-GAAP standard methods to calculate it which may not be