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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

Comment by AppreciateOil21on Mar 06, 2021 8:41am
380 Views
Post# 32735662

RE:RE:Max share price this year

RE:RE:Max share price this yearMy realistic brain seconds that motion. But let's not forget spring 2018. May of 2018 Baytex was 6.08 and sunk back to $3/4 after raging river merger was announced in June of that year. This year we have a tight oil market. The far reaching oil price predictions which seemed mad 5 months ago have been realized. This current president does not have the political capital to do anything to increase domestic or international oil production. With vaccinations getting into high gear the American and European economic recovery starts to demand more oil. The market price could infact shoot up to 5 or 6 dollars this spring again. Should WTI hold above 60 dollars and be the floor when OPEC releases curtailed production in future. JUST MY THOUGHTS
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