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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 Sep 06, 2022 4:20pm
172 Views
Post# 34944883

17 of the top 20 most active were large cap being sold off

17 of the top 20 most active were large cap being sold offThat's a clear indicator that firms are liquidating their holdings and rebalancing their portfolios as they are convinced that higher interest rates are trouble for stock markets and when fatcats start selling you should pay attention because markets trade 3-6 months in advance. We also saw the DOW and TSX sell off close to 200 pts each and there was nowhere for Oil to hide as it also was swept up in the selling. Like I posted about OPEC cut that's coming means diddly-squat to Oil traders because recession trumps all. Tomorrow could see Oil trading higher so that traders can sell all the cheap Oil that has been bought. Maybe investors should learn not to chase BTE shares higher early on especially when Oil is under $90
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