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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 Slinger14on Oct 19, 2016 9:47am
81 Views
Post# 25359911

Could be a large day for BTE

Could be a large day for BTEIf EIA is bullish, we will see a new 52-week high.  I think this will add jet fuel to the fire and will give this run another nice boost.  $49-$50 is looking like the short term floor and if oil pushes into the mid $50's, fund managers will start to enter names like BTE again.  The longs' patience with BTE WILL be rewarded.  It's just taking a little longer this time.  There was a stagnant period before the last major price run up as well.  This will not stay under $6 with mid $50's WTI.  I can see this surging in the next couple of weeks if oil keeps edging higher.
Bullboard Posts