OilHere lies the sought edge.
source: FASTgraphs
The gray price band represents actual value with oil at current price up to $100+
BTE
BTE: Buy PotentialDiving towards a strong key area with positive analyst expectations I would consider Baytex Energy as a possible buy. Areas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences.
Baytex Energy Corp.'s Intrinsic Value Is Potentially 93% Baytex Energy Corp.'s Intrinsic Value Is Potentially 93% Above Share Price.
Key Insights
Using the 2 Stage Free Cash Flow to Equity, Baytex Energy fair value estimate is CA$11.54
Baytex Energy's CA$5.97 share price signals that it might be 48% undervalued
Analyst price target for BTE is CA$7.58 which is 34% below our fair value estimate
Opportunity
Annual revenue is forecast to grow faster than the Canadian market.
Good value based on P/E ratio and estimated fair value.
Significant insider buying over the past 3 months.
Threat
Annual earnings are forecast to decline for the next 3 years.
Ultra low volume dead scam coin pumpingbecause why not. Total volume is >USD1000. Put in a couple of bucks and see the price move up.
So far so good. Important move on Thursday So far so good . Let's see if price will hold above $0.50 and cross $0.55 level .Indicators are positive .
$BTE | Getting Ready for BIG MOVEHello Traders,
My model has identified a great opportunity in BTE. Targets defined on chart. This is a long term strategy.
$BTE flag breakoutWatching BTE because it has been forming a flag, stop will be loosely under 5.50 area
BTE broke out of clear inverted H&S patternLooks extremely bullish, although seems to retest the former resistance of $5.5
