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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 13, 2022 1:12pm
144 Views
Post# 34959808

BTE as solid as can be!

BTE as solid as can be!Hard to believe that Oil rallied up to $89 this morning and once Inflation numbers were released down she went and now we are at the lows of the day at $85 and its been trending lower even after 2 attempts to run it back up only to have it sell off again and It could be that traders are running it higher and selling off all the cheaper Oil that were bought over the week but will we see Oil heading back to $80 that was hit Sept 8th? We certainly won't see that happen today but we could see Oil lower till next week and what I mean by lower is under $90. BTE is as solid as can be down a whopping 6 cents.. that's laughable and this is why traders and investors like BTE as one of the hottest energy plays on the TSX
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