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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 topdown99on Apr 29, 2022 3:27pm
151 Views
Post# 34643395

RE:Conference Call

RE:Conference Call The Dow is down about 700 points , Nasdaq down 425 points and the mindless Tse is off 250 on a Friday afternoon (oil still holding $105). The report yesterday had some opportunistic capex spending in Clearwater which lowered FCF , it was predictable that traders would use as an excuse to sell . Its a Friday after a great run in the SP so the timid are being rattled today and the rocket scientists have all showed up to the party . 

If you're not squeezed on margin , just like before , this to shall pass . Clearwater production more than doubled last quarter but the talkingheads don't want to talk about that today . If this was Baytex.com , with that report we would be trading over $8/sh today but alas , the world doesn't need anymore oil , phantom production will magically appear , all rainbows will be green and everyone gets a lollypop . 

Fear not , reality will bite them all in the A$$ next week so have a beer and forget about this short term blip
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