Baytex Energy Corp T.BTE

happy days are coming

[andy604]

I am definitely not selling anything until i hit my target , On Nov 2nd i expect a excellent earning report and smooth sailing, matter of fact starting tomorrow i expect it to move up, slow but surely, just a hunch, but will to wait for my target, oh, plus a bigger divi.

[OLIVIER1951]

Objectif  target  de  10-12 ,div. 0.03 cents esce trop optimist merci

[1234bmth]

In Nov 11 2016 BTE was $5.08 and MEG was $5.60 now 7 years later BTE is $5.67 and MEG is $26+ more than 5x of BTE, this is the difference of management performance, so if MEG was able to reach $26+ then BTE can easily reach $15 if the management is competent and cares about shareholders, we will see with the changes in BTE management how things will go in 2 to 3 years.

[Retiredgeo]

They are different corporations with different assets and different share structures.  On Mar 27, 2021 MEG bottomed out at $1.22 CAD.  Baytex bottomed out at $0.33 CAD.  By this standard MEG should be priced 4x higher than Baytex and is only slightly higher than that today.  I don't have a problem with management.

[Retiredgeo]

Please make that 2020.

[1234bmth]

Of course they are different Corporation and different assets, no 2 companies have the same assets, but the share price performance can be compared over the long period of time while the oil price is the same for them, based on bottom of 2020 the question is why BTE dropped to $0.33 and MEG held 4 time higher at $1.22. Moreover each investor has a different time period to compare companies, I did

[riski]

Anyone can pick dramatic endpoints to make something look good or bad. The key is to know when we are in an inflection and capitalize. I have also owned Baytex since 2015, though much less back then compared to now. There have been several valuable troughs the most obvious the drop in the pandemic where it actually traded at $0.30 for almost a month. Lots of time for everyone to get some shares

[1234bmth]

I 100% agree with you past is past, but what makes the past and future in oil companies assuming a fair price for oil is the management performance.

[Cobalt]

Pioneer got bought out at 10 forward PE if you use that metric Meg is still much cheaper then BTE HMM

[riski]

I didn't mean to dispute this point. Management is absolutely a critical factor in a company's performance. There are management teams that are too passive, some seem to be prone to bad decisions, and others are just plain greedy with the shareholders always coming last.  This is why I would never own ATH or CJ. Each falls into one or two of the categories above. I don't care how

[Cobalt]

LOL 1 year ATH +87% BTE -8.5%

[Owlseye1]

Exactly why BTE has much greater chance of appreciation then ATH. Because of the streets wait &see atitude after there acquisition of Range which is turning out to be a very positive move on there behalf of management.This is a steal at these levels easy $7 here soon! Have a good Friday everyone,it's not hard to do with oil poping $3 to $4 buck overnight.

[riski]

Anyone can pick endpoints to make an argument, but it seems like you missed the point of all the previous posts. Let me spell it out for you: The past doesn't matter. The only thing that matters today is where we go from here. I can play the game too. The three month return for ATH and BTE since mid July is dead even. So not much to pick from either of them. But that's useless information

[Cobalt]

LOL 3 months ATH 27.4% BTE 22.87% I own them both but in all my years of resource trading i find the strongest names rarely change could TMX be priced in maybe some but nobody will benefit more then ATH , good luck

[riski]

Yes, best of luck to you as well. Your posts are always interesting and valuable.

[Cobalt]

It a great day to end the week, own 5 of the top 6 names in the sector today have a good weekend

[masfortuna]

  Hey Cobalt I own both Meg and Ath as well.  Any reason you keep soft bashing BTE?

[Cobalt]

You just to sensative, i just put facts out if you see it as bashing so be it, remember how Bay drilled into us this board does not change a 5 billion name, maybe go with that and you wont need to get worked up?

[masfortuna]

Not worked up mate.  Just pointing out that i you feel that Ath and Meg are better investments then should you not focus on those names.  And FYI 2 weeks ago you said you owned BTE.  Something doesn't add up with your storyline.

[Cobalt]

So now you assume what i feel? give it a rest LOL

[kegman]

I think BTE has a plan and they are following through with it.  The quarterly report coming soon will only vault the SP higher.  I think the market is giving BTE credit and the oil price surge is another catalyst.  Do not underestimate BTE's growing resume out there among the institutions.  I believe there are many in acquiation mode for their various funds and large