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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 269,000 gross 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 slacker101on Jul 19, 2016 9:26pm
136 Views
Post# 25067248

There may be a small window...............

There may be a small window...............of opportunity to get out before the 10:30 inventory report. The service companies like PD and FRC will continue their slide that started today.  The oils will be nervous first thing and the machines will take over at 10:30.01.  The drop in oil will be precipitous and sustained. The selling pressure will be immense. Share prices will most certainly drop. Grab some beers and some steaks. Go away for a few weeks.

It's not all doom and gloom. Oil will rebound. later this year. Good things will come to those with cash. The market selloff IS coming.
Bullboard Posts