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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 smallcaptdron Aug 06, 2022 2:38am
339 Views
Post# 34875995

BTE is a solid company and that is why I'm interested...

BTE is a solid company and that is why I'm interested...If we can figure out where the global economy is heading then we can figure out where Oil will be at and knowing that we'll know where BTE should be trading, plus BTE needs to be credited for its merits which are solid on top of revenues,  We're having to adjust getting used to $80+ Oil for now, and Oil at $90+ will be paydays,  You have to admit that its easier now to picture Oil at $75 by year's end? and I have been saying this for months unless something changes dramatically the direction is lower with rides up, of course, we're in a bear market having traveled from June 9th at $117, to Aug 5th at $89 losing $28 in 2 months so we had a fire sales with Oil and its because the worlds largest economy is faulting there's no getting away from that plus the 2nd largest economy (China) has their own problems,  We're at Feb levels and it's like $120 Oil has been wiped clean and that's what we need to understand, Oil prices are being driven by the economy that we know, once we know how BTE movements are by share price in parallel with Oil the soldier BTE will stay if you avoid the unexpected, Knowledge is power and understanding where Oil is going is what we're after, maybe large Oil price swings will taper off to smaller increments we need to understand what's coming at us and BTE will be a lot stronger plus at the end of the day, I'm comfortable with BTE at its closing price.  JMHO  GLTA  (always DD)
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