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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 > Trade trade trade …lol
View:
Post by Frank007 on Sep 19, 2024 9:54am

Trade trade trade …lol

Dumped 10,000 on the open ...bought it back for a quick $1,000.   Trade trade trade ...lol
Comment by pierrelebel on Sep 19, 2024 10:11am
Could you please explain how you made $1,000 by selling 10,000 shares at the open and buying them back. Was the original sale a short or from a long position? What exchange did you use for both trades? I am trying to learn about successful short term trading and your post seems to indicate how to do it.  Please let us learn from you.
Comment by Frank007 on Sep 19, 2024 10:50am
Cra does love me ...call me every month ...lol.   ....they need cash you know ...anyway dumped 10,000.  $4.35 ....on open ...bought all back $4.25 ...5 minutes later ..lol ...this is all algo ..manipulted trading ...few like you and me here ...!
Comment by Retired13 on Sep 19, 2024 10:15am
I'm sure CRA love you since washing a stock is usually something CRA looks at really closely. 
Comment by Frank007 on Sep 19, 2024 11:15am
I am not wash trading ...lol ...that is what the cooked banksters and hedgefunds are doing ...I only watch that and trade accordingly ...lol
Comment by red2000 on Sep 20, 2024 9:31am
In a day not so far away, Baytex will no longer be a stock for daytrader. The regular reduction of outstanding shares and long-term operational performance will bring this stock to the level of a blue chip. Daily, they produce over 164,000 boe/d that's 26 Millions liters or the equivalent of fueling 474,000 car gaz tank. That's something to think about !
Comment by 1234bmth on Sep 20, 2024 9:54am
Production means nothing, what is important is how much FCF they generate out of that production to be able to pay debt, buyback and pay dividends at current oil price.
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