'It’s just been a bloodbath’: The exodus of investors in the oil patch gains steam [Toronto Globe and Mail (Ontario, Canada)]
Baytex Energy Corp Common Shares (BTE)
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Source: Toronto Globe and Mail
'It’s just been a bloodbath’: The exodus of investors in the oil patch gains steam The Canadian energy sector is sinking to unprecedented depths, as an exodus of investors and foreign companies from the oil patch gathers momentum. With the sector’s downslide now effectively five years running, several exploration and production (E&P) companies have recently seen their stocks dislodge from crude oil prices and sink to record lows. “It’s just been a bloodbath, especially this year,” said Christopher Blumas, vice-president at GlobeInvest Capital Management Inc. in Toronto. “There’s only so much pain people can take before they have to cut their losses.” Story continues below advertisement There’s little in sight to break the fall. Without meaningful progress on expanding pipeline capacity, oil and gas stocks could continue be “dead money” for years, Mr. Blumas said. Since 214, the index comprising Canadian oil and gas exploration and production companies has declined by 73 per cent. The
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- 11/24/25 - Form 6-K
- 11/12/25 - Form 6-K
- BTE's page on the SEC website