Just read BTE makes over $1 per share at 60 WTI..that could put BTE well over $10 per share US
No resistance now for BTE to rocket upward.
Anybody else anxious about tomorrow morning's OPEC decision?
can we hold this momentum. slow and steady
All my expectations of any upswing in price to $10+++ are out the window! So many bearish forces at work in the oil patch. It seems no matter what good news is out there Oil goes down, BTE goes down. This has been the most depressing buy of my life, worse than BAC and C during 2008 financial crisis. Tough to take any more of this....somebody please either pull the plug on the oil industry and lets get over this.
Does anybody still use this board?
the only thing I can think of is the short interest is looking for sellers in a last ditch effort but not they are truly stuck
this is really weird....as if oil is not going up and the stock is completely tied to oil...
51 per barrel already. BTE would have added few millions to cash flow this week from the low. Happy Saudi week is coming.
Baytex Energy Corp NYSE $BTE Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.9 In other words, the correlation coefficient of the other stocks
Canada's attempt at a carbon tax, might just be enough to scare me away from BTE
Just the beginning to sqeeze the shorts. Saudi will extend the cut.
Profit good, too bad debt had to increase over 50 million for the quarter. I would like them to add positive cash flow to profit.
So did MILES bail on BTE? Haven't seen or heard from him in weeks.
Baytex Energy Corp: A Little More Patience May Pay Investors Well
Here is why Baytex Energy Corp. (TSX:BTE) investors may be close to seeing a rebound in the stock price in the next few quarters.
BTE stock price seems to be going nowhere, and hasn't gone anywhere but down the last 4 months. It is highly being played with, no significant new institutional buying interest, more shorting going on, BTE management non existent in talking UP BTE while they watch the company market value deteriorate, US shale deteriorating OPEC attempt at moving oil prices higher, BTE needs much higher oil prices which seem difficult to see at the moment, etc. etc. etc. So where does BTE go from here? Can't seem to mount any meaningful price recovery even at the sub $4 range. BEST COURSE OF ACTION IS BTE TO SELL ITSELF TO THE HIGHEST BIDDER AND MAYBE GET $7+ PER SHARE FOR THE SHAREHOLDERS!!! BTE management has FAILED to generate any shareholder value and as such has failed the objective of staying in business at this point. They still report losses, and even if oil gets to $60, can they honestly expect the stock price to reach a higher value than if they just sold the company. Currently they can get more by selling the company than holding on with their poor management execution and going forward strategy. Vote the current BOD out. Send emails to the BTE President urging selling the company without delay. Shareholders demand better!!!
NOTHING GOOD TO SAY ABOUT THIS STOCK IF YOU INVESTED, JUST UGLY. NOW UNDER $3. SHORTS WON!!! ANYONE SAYING WAIT, BE PATIENT, HAS LOST THEIR SHIRT AS OF NOW. BTE MANAGEMENT HAD BETTER NOT HAVE GLOWING THINGS TO SAY IN THE NEXT CONF CALL BECAUSE THEY FAILED BIG TIME IN NOT GETTING ANY POSITIVE PRESS OR PR IN BETWEEN EARNINGS RELEASES. SHAME ON THEM IF THIS BE THE CASE, THEY COULD HAVE STEMMED THE DOWNTURN. SELL THE DARN COMPANY EVEN FOR $5/SHARE.
Have been trading BTE stock over past year. Have some occasional discussion about Baytex on the Denbury board. It's a private board. Many of the old DNR yahoo board posters have come over there. dnr.boards.net
Both BTE and DNR have been in the dumps lately both at 52 week lows. Is the pain coming to an end or are we approaching another leg down?
Large positions are going to be made this week, buy in now, your welcome