Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp

Bullboard Posts

Post by ryehigh2014on Jan 16, 2017 7:52pm

213 Views

Post# 25715213

Baytex ready to jump or not?

Sell off over done all on low volume days - funds won't touch this until the compliance meeting is finished.

Key Events to decide direction:
- OPEC report on wednesday (will be bullish as OPEC is bullish and has said market will rebalance by June)
- API Tomorrow (members get #s at 1 while free release is at 4pm)
- EIA Wednesday (a draw is expected)
- China GDP on Friday (expected to be bearish - 6.7% is expected)
- Compliane meeting over the weekend

My position: Long BTE. Short 5$ PUTS. Hedged at 5.5.

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