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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 24, 2022 1:08pm
129 Views
Post# 34917536

Oil just can't break through $95 and stay there

Oil just can't break through $95 and stay thereAll the resistance is at $95 and that's what I posted about that $95 is the wall. There are so many rumors about Oil cutbacks on production to Oil still being threatened by tightness and the Oil traders don't know where Oil should be so this adds extreme volatility to anyone buying Oil stocks and it shows in BTE trading today. BTE has traded from $6.80 to $7 which really isn't a big spread but investors are leery about holding through the rest of the week. I took money off the table with ATH, BTE, and TVE today and I'll be waiting to see what the rest of the week has in store for the price of Oil. I suspect that Oil will start to trend lower from today because it has been under pressure. And we can't ignore that the US along with other countries are contracting and if there are no production cutbacks then Oil should trend lower but there's no guarantee on this because it has been all over the map but the reasons see it trading lower. GLTA  JMHO
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