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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Back in.
View:
Post by stock_for_gold on Dec 14, 2023 10:18am

Back in.

I definitely had to buy shares this morning.  Think the worst is over for BTE. Oil may still bounce around $67 to $77 for the next 2 months but I think BTE will weather the storm.
Comment by 889900 on Dec 14, 2023 10:52am
Baytex has a cost of approximately $45 per barrell, at $70 oil there is still plenty of profit on the table ..... I think it will weather the storm fine!
Comment by riski on Dec 14, 2023 11:03am
This is true. I welcome you, but where were you guys two days ago when the sky was falling at $68/boe and everyone was saying sell because it's going to $2.00? Still lots of profit at $68 though, right? The stock was selling for $4.15. Wouldn't that have been a better price than $4.50? Will you still be here if it drops to $68 again and the stock tanks to $4.15 again?  It will be ...more  
Comment by Marty47 on Dec 14, 2023 11:32am
Myself I was waiting more bad news , but when I got the fed speech and the houtsi hit the tanker and  the inventory draw , it became obvious to jump at 4$ and worst buyback at 2 $ I saw some bullish , I'm long holder , with the differential narrow next year and Trudeau gone , heavy oil will good , and 2025 when Trudeau go back teacher we will be over 10$ for sure 
Comment by riski on Dec 14, 2023 12:54pm
I saw your buy post. I think your timing is going to be really good when you look back if you can hold on during the bumps. 
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