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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 marcroberton Jul 06, 2022 10:46am
97 Views
Post# 34804863

RE:Oil market has clearly priced in a recession

RE:Oil market has clearly priced in a recessionhe he sell side analysts and cheerleading fund managers. Hey they talk their book, understandable. hopefully its different this time. clearly the big generalist hedge funds and speculators have exited for now or are getting out. ollenberger said recently it was a buying opportunity or maybe nutall. we'll see. if big buy volume doesn't come back into these stocks, doesn't matter how rosy the outlook is, like i said 3 months ago, china lockdowns and ukraine will cause demand destruction. then you can kiss your profits goodbye. we'll see what happens. average down with caution. the doomsday value investors are all over youtube saying this is the end of the world, the quad bubble of all bubbles is bursting etc,., meanwhile the investment industry is still mulling over whether we're at a bottom, dont care about the longer term macro environment.  those guys wont tell you to sell it all because market going down another 50% due to monetary excesses, inflation and recession 
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