Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp > Looks like an ugly morning

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Comment by BayStreetWolfTOon Jun 16, 2022 9:12am

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Post# 34760781

RE:RE:RE:Looks like an ugly morning

Yes Woke, as I said the markets in the US need a correction

As I said I felt yesterday was a bull trap for the Nasdaq...rates going up...made zero sense for the Nasdaq to climb...

Tech players were short commodities and piled into tech is my bet.

Today is the Nasdaq aftermath....I stand by my call Nasdaq to 9,014

Eventually the tech player realize you need to get back to fundamentals supply/demand and free cash flow