Baytex Energy Corp T.BTE

Tax loss selling

[pierrelebel]

Clearly there is a lot of "tax loss selling" these days on BTE and most other Canadian oil/gas producers..

BTE is so cheap I could not resist and added another 5,500 shares this morning at C$3.53

That works out to about 26% below "book value".

I may be a few days early but feel this is a great entry point.

Good Luck to all and best wishes for a Merry Christmas.

[1234bmth]

It is the tax loss season, but mostly it is because of trade war, because some oil stocks that are near 52 weeks high are also down for the past few days such as SU and IMO, if by any chance we get some positive news on trade war, oil stocks will jump significantly. WTI is in a uptrend momentum.

[diamondlessnono]

Next yr those who sold, will cry.

[Eoj123]

Absolutely true  

[sorrenson]

Its been a ski slope since july 2022.The only  people crying are the bag holders 

[dandu1924]

You are right Sorrenson, about those are crying and don't forget those  did buy at $4.50 recently and they lost around 25% of their investment, those too are crying because they did listen the regular pumpers, day traders, pennies flippers and dreamers  from this board.

[dandu1924]

And you will see the reaction of those regular, they will say again, idiots, dude and others stuffs similar. Just watch and you will see I am right and I was right about this kind of post from them. 

[IainCaimbeul]

Especially the bagholders who listened to Eric Nuttal and his "this is a generational opportunity in oil and gas". $100+ oil, fcf coming out of companies ears, bte easly $12.00, tve $8.00 and I am quoting his low end ptedictions on these stock prices. If Trump wants low energy prices shareholders could be in for some pain, combine that with our PM with a messiah complex and no

[dllscwbysfn]

But will it be tears of joy or grief.Anyway the simple truth is its called investing, nobody knows what will happen from one day to the next. That sure thing gets hammered every day while some supposed dog shoots to the moon. If a guy only knew what fun that would be!!