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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 riky144on Aug 05, 2022 8:59am
166 Views
Post# 34873550

you have to give the market time to understand

you have to give the market time to understandmany think that the market always anticipates what will happen next in reality, but it is not true! It happened with omicron which brought down oil and BTE, but someone (Riky144) here wrote before the market understood that omicron was a bluff. It happened with the fear of inflation and recession and oil and BTE down , but some here wrote that fear of inflation and recession was not enough to change the oil supply deficit. Now it happens with the price of oil that has dropped to 88 dollars, and the market sells BTE as it did with omicro, with the fear of inflation and recession, but "someone" who reads the data before the market reaches us today. writes that BTE only needs oil at 60 dollars to reach 20 dollars.You have to give the market time to understand. BTE will go to 20 with oil at 60 dollars.
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