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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

Post by Unlucky13on Aug 03, 2021 8:21am
125 Views
Post# 33641401

Dog days of summer

Dog days of summer It's the dog days of summer for a mutt of a stock!  What a disgrace BTE has become trading up a penny down a penny for days on end.  An unbelievable flash crash from $2.58 to $2.14.


The fourth wave is near and the variant is raging, BTE now will begin the inevitable drift back to the dollar range.  If oil goes to $65 watch out!  Up three cents on the American market is irrelevant.  The only thing that matters is the share price and oil price.  If oil goes back to the $50 range it will get real ugly.  Oil has shown it can't go much past $75 so are really up the creek now, especially for those investors like me who bought north of $10.
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