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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 ResearchSeekeron Feb 08, 2022 6:03pm
237 Views
Post# 34410529

RE:As WTI trades around $90 another API draw

RE:As WTI trades around $90 another API draw
Thanks for the catch wolf. It is 11 days and not 6. Most of my posts are first takes. I do not spend a lot of time on them.

I think this price drop is laughable. It forced me to take a look at intra day charts. If I was asked to make a forensic analysis for the SEC, I would call it stop hunting by computer traded algorithms. It has not been panic selling. Seeing all the conflicting hype, I would say two things are true.

1. Institutions behind the curve have decided they want some oil and gas shares. They place their orders at a relativeley low range, (not a single price) and give those who fill those orders weeks, and maybe months to fill them. If they do not fill, then they will make a decision and change it.

2. What I have already said, and what Wolf has pointed out. Options expiration, and oil price settlement dates are approaching. Manipulation is happening through the end of next week.

I will stick to holding my shares, and not help out by selling. As for the hype, I laugh at it. I know most other people do as well. I did not yet, put in an order to sell my shares at USD $30 GTC, though I have considered it. For now, I am going to let my institution loan out my shares, so those shorts can experience more pain later.

Time is on the side of the longs. There is no fear, or doubt for me. I invested in this for a good reason, and did my own research.

RS



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