Baytex Energy Corp T.BTE

4$ tomorrow boys

[Marty47]

I'm sure if wti hold until tomorrow we will break 4$ .... let's go

[kegman]

Easily.  Nice to see this price surge in January.  Love to see the rationale tomorrow.  Glta

[ManitobaCanuck]

Agree we will break $4 tomorrow for sure, I was a buyer on Friday end again under 4 bucks . What troubles me is the 37mill shares sold on Friday , Need some clarity on that , will be blooking forward to Sedar filings.  Either someone took a huge short position  or was it retail selling and funds buying back .   

[kegman]

Remember when Nutty sold all his ATH and had to buy back in?  I don't fret as much about the seller as I do with who the buyer is.  If oil stays above $75 for 1st quarter BTE is set for a very good year.  If Nat gas can get above $4, all the better.  Things are looking very nicely set up for a spike in SP soon.  The ugly duckling isn't so ugly with $78 oil. 

[Casey112]

Aren't we 20% gas, right?  And last time wti was in the low $80, bte was $5.00.  It's something.  Looking forward to a good quarter year end report.

[riski]

Nutley did that before with BTE and ended up being horrible timing. In the summer of 2020 after praising BTE for months, he sold everything at $0.46 calling it a "value trap". It immediately begain marching North and in late spring 2021 he was on a show and said they made a mistake and bought back in at the $3.50 range "correcting that error" and then praised the company again.

[ManitobaCanuck]

Yep , remember that . He did the same mistake twice with Athabasca oil , sold at a buck and bought back at 2.5 , sold at 5.5 and bought back again .

[AvInvestor]

Ok guys, no fund manager is perfect. He's made some great moves in the past as well. 

[Swackaboozy]

FCF spikes after 75 WTI.

[Frank007]

It was 60 milion between Canada and the u s ..about 10% of the shares ...!

[ManitobaCanuck]

Who sold out , Thats almost 8% of outstanding shares . Was it Juniper or Nutall selling more ?