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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 bagoon Jul 20, 2017 8:38am
165 Views
Post# 26489504

Oil...

Oil...building a little momentum here, could have been stronger yesterday with the very bullish EIA report but really wasn't much of a move. If rig count tomorrow is flat or even down and with some positive comments out of OPEC on Monday we could easily touch 50 next week. For now the bulls look to be back in the ball game and have  a great chance to run it above 48 today. Big money started buing energy yesterday looking at some of the vclumes and trading usually precedes any move on the oil price as we saw when energy equities were selling off when oil was in the 50's and then the price fell down to the low 40's. Expecting some follow through today even with some profit taking that will take place after the huge move yesterday. The sentiment can turn on a dime but as of today it's looking much brighter for energy stocks.....mgba
Bullboard Posts