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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Bullboard Posts
Post by bartno12001on Jan 28, 2016 9:08am
65 Views
Post# 24500878

bte

bteWow what news. Russia wants to meet with Saudi. I just hope they think logically and reasonably. Look if both Saudi and Russia produce 11 million barrels each and oil stays at 30 they make 660 million (22 million x 30). However if they each cut production by 1 million and total production is 20 million they make 1 billion (20 million x 50). I am assuming oil will at least go to 50 very quickly. I hope they see through the differences and do the right thing. Bte - now it is getting interesting. Guys I am seeing 2008 again and the way stocks recover we could have a similar story. Now I am regretting. I was seriously thinking of picking up at least 2000 shares yesterday at 2.8. But if 2.80 comes again I will pick up 5000 now. I may buy 2000 shares above 3 too depending on where market is going. Short term baytex can go to 4. If Saudi and Russia do the deal 10 is the next target and 3 would look like a bargain (30 cents on a dollar). Guys buy if u can stomach the risk. If Saudi and Russia make the deal I am prepared to buy even at 5 or 6.
Bullboard Posts