Baytex Energy Corp T.BTE

AND LMFAO!

[masfortuna]

2 weeks ago my stop losses got activated here and I figured I would wait until after tax loss season to rebuy (was tempted the last 2 days). A portion of the funds I got from BTE I sprinkled into some bitcoin miners ( Hut 8, Digihost, and Bitfarms).  The first 2 I am pretty much flat but I am up 120% in Bitfarms thus far. What a joke! Doing all this research and reading up on oil numbers and be up only 10% this whole year anf ten in 2 weeks I get 12x with no effort. Life just isn't fair...

[riski]

Nice hit mas. Tech seems to be a perennial winner. Valuations are obscene. It's the opposite of energy. Almost pure speculation and hype. Sometimes really flimsy logic.  In energy we have generational low valuation, actual cash flow (not just a dream), and money coming back to the shareholders because there is just so much cash, yet all the speculation is to the downside and there is

[Cobalt]

You dont folow the sector do you? Take Nvidia, forward PE 24, ten year average 35, PEG ration under 0.5 ^^ a the start of the 4th indusrrial revolution :)

[masfortuna]

 I hold some Nvidia Coby.  The point was that NOT ALL TECH is Nvidia and that company is involved in a very specific sector that has been on fire for a few years now. We were talking about Tech as a whole. 

[Cobalt]

That was just one example i could give many more so my statement stands he does not follow the sector.

[masfortuna]

Ok but the tech sector has several sub sectors in it agreed?  For example Bitfarms is a crypto miner but is linked to tech.

[masfortuna]

 Hi Riski.  My post should read 2x and not 12x.  i am not sure why but typos are a lot more common on stockhouse for some reason.  I would have to agree with you aout the the market in general. I have a couple of gold miners, a couple of silver miners and 1 copper miner that I have mentioned and all are either flat or down. I have some retail of which Canadian Tire is my

[Cobalt]

Retail is the last place i would want to be, financial might do better next year no place to go but up. Almost anything held up by a div got smashed people said why hold them when you could get 5-7% risk free. As to Tech getting hit the most in a recession, this would be a consumer recession , Big tech is scrambling to invest billions in AI or be left behind that wont wait for a consume recession