BTE and CPG Bloodbath
The following two charts depict the Volume Weighted Average Price (VWAP) of Baytex Energy (BTE) and Crescent Point Energy since their individual IPO.
The VWAP measures the average price paid per share or unit during that period of time.
As the chart of BTE depicts, the average price paid per share since its IPO is DOWN 95%!
This chart of CPG shows that the average price paid per share since its IPO is DOWN 91%!
One must know how to identify a trend change and have a plan to manage your position.