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.

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Baytex Energy Corp > It's time to execute a SIB !!!

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Comment by BayStreetWolfTOon Sep 01, 2022 7:11pm

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Post# 34936908

RE:RE:RE:RE:It's time to execute a SIB !!!

Ha funny I normally use two initials. Next time I need to watch that lol

HighOctane89 wrote: Who you callin Ho ? lol

BayStreetWolfTO wrote: HO, I agree no need to get impatient as a long-term holder we are sitting on $85+ with OPEC talking like they will set a floor. They did it for covid and it paid off. Apple doesn't drop the iPhone price due to recession OPEC shouldn't have to either. Lots of lessons learned during covid.

HighOctane89 wrote: Its a good idea but unlikely to happen red , it seems the summer doledrums and short sellers have the field lately . The Ostrich's have their heads in the sand while the paper market pushes producers to the breaking point (patience) , the OPEC+ meeting next week will be interesting and when the SPR ends in October , look out . Incidentally , the short contracts being sold in the paper market today are for October delivery which is when the SPR runs out . Seems like a trade that will go bad real quick , denial never ends well . The upside to this is cheap gasoline will end up enhancing demand and winter will suffocate aupply . Ignorance is bliss until reality punches you in the mouth . Hang tough !!!