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Baytex Energy Corp. Message Board

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  • star1.rm star1.rm May 16, 2008 9:55 PM Flag

    Okay, I'm not complaining or anything,

    BTE at current levels is not just reflect how undervalued it was before.

    But it is a little extended, and wouldn't hurt to take profits and move on a little less overextended canroy like PWE or PGH. Although not canroys, I started a position in TLM and SNG recently.

    I feel that Canadian oil/gas companies are grossly undervalued due to fear from govt taxation, but they are sitting on more untapped oil/gas than anywhere in the world outside of Russia. I think we could see doubles of many canadian energy stocks in the next year.

4.33-0.06(-1.37%)Oct 21 4:02 PMEDT