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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 > AMERICAN HOLIDAY
View:
Post by kegman on May 27, 2024 11:47am

AMERICAN HOLIDAY

Now you see how much of the trading is US driven.  Shorting everyday and riding the 5-8 cent swings.  Without the shorters BTE would be in the low 5's.  That 2nd quarter result will be very nice and the end of the month report on share buybacks will also send a message.  The price being under $5 should help fast track that momentous occasion when when we go below the next 100,000 share hurdle.  It is how it is viewed emationally.  800K vs 700k.  Not logicial but you never price your home at $809,000.  It is either $849,000 or $799,000
Comment by dandu1924 on May 27, 2024 11:56am
Yes you are right, the Yankies are the masters of Wall Street and they playing all the twisted moves, we have the proof of that today again ( US market closed ).  And about the number of the shares, this is true again, the psychological reaction of the people.
Comment by Ztransformer on May 27, 2024 12:03pm
Well said Kegman, agreed! 
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