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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
Comment by TheForceson Jun 02, 2017 11:32pm
147 Views
Post# 26319828

RE:RE:ReRE:Can someone explain

RE:RE:ReRE:Can someone explainVery well said.  Oil charts are bearish short term at this point and nobody knows how short, short is.

Only true contrarians would be taking risks here, most are holding or giving up.

I truly agree that "perception is reality".  And the perception of reality is skewed at this point with a very strong bearish narrative.  I must laugh at the impact of electric cards in the next 5-10 years - very limited.

I am quite eager to buy and I don't seem to be alone but as you say "don't fight the tape".  Sector rotation has been in tech in recent days.  It will be interesting to see what happens as consumption is felt.

Bullboard Posts

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