Baytex Energy Corp T.BTE

Wow

[1234bmth]

Oil stocks in general, but especially BTE looks like it is over. It may take a miracle to get back to $6, should have sold at $6+ a few weeks ago. Now I am stuck again with significant loss.

[masfortuna]

 Perhaps but we were just worried about seasonality 6 weeks ago.  The "analysts were stil forecasting $80-$90 oil.  In 6 weeks the same hedge funds that climbed aboard for the mini run pulled the carpet and then the narrative became doom and gloom. What do I know but it's very possible that 6 weeks from now (mid January) we started seeing another bullish narrative. I think

[ABCorp]

BTE is still going to make $300 plus million this Q4. This dip is better for buying back shares. They should pay down $300 million  ish in debt with the proceeds from the $150 million sale... I think things will be ok....