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Baytex Energy Corp. (BTE.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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3.5600+0.0600 (+1.71%)
At close: 04:00PM EST
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  • A
    A
    Great news! BTE is added to the S&P Dow Jones Indices on Monday December 20, 2021 :)
  • a
    asyed30
    Eric Nuttal Top Pick.
  • N
    Neil
    Central Banking
    Powell Pivots
    After spending months arguing that the surge in pandemic inflation was largely due to "transitory" forces, Fed Chair Jerome Powell told Congress on Tuesday that it's "probably a good time to retire that word." Many have taken issue with the verbiage in recent months, given that Powell has acknowledged that inflation is proving more powerful and persistent than expected. As a result of the price pressures, the Fed is now considering a faster tapering to its asset purchase program, shifting gears to tighter monetary policy.

    Can tapering be good for the markets? While stocks sank after the comments - with traders boosting bets on upcoming interest rate hikes - futures are already pointing to renewed gains this morning. Volatility may still be the name of the game, but if history is any guide, the Fed's "taper tantrum" of 2013 was followed by strong gains for equities, as traders bet the economy was healthy enough to stand on its own. Following Ben Bernanke's comments in May 2013, stocks fell 5.8% in the next month, but for the rest of that year, the market was up 17.5%.
  • C
    Cowboys Fan
    Baytex on the S&P/TSX COMPOSITE INDEX – December 20, 2021

    https://ca.movies.yahoo.com/p-dow-jones-indices-announces-221500598.html
  • A
    A
    Wow! BTE expects to have $330M free cash flow in 2022, and $2.1b in the next 5 years. Beautiful!
  • N
    Neil
    Friday Dec 3/21 Predictions , Please leave your guess in the reply section below :
  • N
    Neil
    Healthcare
    Covid in America
    The report of an Omicron variant case in California pushed stocks down sharply into Wednesday's close.

    When you compare the market reaction to that of other COVID waves and the Delta variant, what's different this time is that there was not a flight to Big Tech stocks, Florence Barjou, CIO at Lyxor Asset Management, said on Bloomberg. "This is really a growth-based selloff, which is why it looks a little bit like panic," Barjou says. "If we do get better news (on Omicron) we think it looks more like an entry point."

    JPMorgan strategist Marko Kolanovic goes a step further and posits that Omicron could be the highly-transmissible yet milder variant that crowds out the more severe variants. "As such, we view the recent selloff in these segments as an opportunity to buy the dip in cyclicals, commodities and reopening themes, and to position for higher bond yields and steepening," he says.
  • L
    Lam
    BTE and CPG are Eric's top pick. I believe we will end up green on the day and if energy sector rebounds in the next couple months. I see BTE at $5 before first quarter.
  • P
    PAS
  • A
    A
    Only banks and financial institutions are the one that continously making record profits and their SP grows... That's Because they are the cacroches of the society that manipulate the market through their analysts and paid social media. Right now, they want our shares cheap.. I am a small time retail investor but will not fall for their trap. They cannot have my shares..
  • N
    Neil
    Thur Dec 2/21 predictions , Please leave your guess in the reply section below ;
  • N
    Neil
    Well some solid news released by Baytex today and the cartel making some big decision tomorrow . Hopefully this swings Baytex in the other direction .
  • s
    scoffer1210
    Well in my $5 prediction at the beginning of the week, I said the sun, moon & stars had to align…these were 1) WTI to lift to hi $70s, low$80s 2) Inventory draws 3) Exceptional budget out look (which we got) and OPEC to slow or drop planned production increase. Well gang, I got butkus…lol. Have been wrong before and will be wrong again. However, Neil I called $5 EOD Friday, because I don’t want anyone to get their skivvies in a knot if I change my mind. Let’s call it a symbolic $5. I am almost certain all of us believe there is enough good technical analysis to reach $5, especially when Raymond James called for $5.75. I remain LONG and STRONG. Jack & I have become good friends this week…lol 🥃 Cheers to the LONGs.
  • P
    PAS
    Multiple reports coming out saying "vaccine" is effective.
  • N
    Neil
    Wen Dec 1/21 predictions , please leave your guess in the reply section below :
  • C
    Cowboys Fan
  • s
    scoffer1210
    Oh boy, here we go. I did not recognize the volume till a friend told me about it. That kind of number suggests institutional index funds are starting to pick up oil stocks that are about to be included into TSX S&P60. I understand TD picked up approximately 3MM shares. They did that under $4. I imagine they did so with the other 7 oil stocks also to be added to the S&P60. I am going to sound like DOM here. We are closer to $5 than we think. Therefore, Neil, I am not playing till Friday EOD and that number is $5….MIKE DROP!!!! The sun the moon and the stars have to align in the next 3 business days. Omicron is still a wild card, but I said it $5. STAY SAFE, STAY STRONG AND OF COURSE STAY LONG!!!! 2ND MIKE DROP…LOL
  • E
    Ekansh
    I bought at 4.29 should I sell for loss or hold?
  • b
    buddy
    we will never see $3,50 again .....merry christmas everyone and happy 2022 ...to infinity and beyond