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Baytex Energy Corp. Message Board

  • tallpall tallpall Nov 17, 2009 6:46 PM Flag

    Funny little dip BTE took .... Started out 15 cents lower than yesterdays close of 25.92 (which was down half a buck from the day before) and swooned a further 40 cents to 25.40. Looked all the world like another 50 cent loss like the day before was developing.
    But then, at the close, skated up to near the open price to close at 25.77
    Made me wonder what was going on with this stock which recently became, again, a media darling.

    I'm guessing some longterm holders were happy to see the recent runup, and, worrying about losing, once again, some gains they had made in this, were selling "while they could". driving the price down.
    A late bump in crude prices closed this up, making them wonder what they were worrying about.

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4.57+0.11(+2.47%)Nov 25 4:03 PMEST