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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.


TSX:BTE - Post by User

Baytex Energy Corp > Sufficient Supply And Weakening Demand
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Post by smallcaptdron Nov 25, 2022 10:04am
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Post# 35127921

Sufficient Supply And Weakening Demand

Sufficient Supply And Weakening DemandWe should be pushing the SP up to 52-week highs as Oil trades in the $70+ and paying the same price for shares that were at these prices when Oil was at $95 has to be smart and as Oil heads lower let's push the SP even higher! Who cares if the company's revenues are down $20 a barrel from the last time the SP was this high because this is how it's done in Bizzaro's world. Enjoy playing with yourself, but I'm not trading today because I can't pay more for something that the risk is increasing to heading lower.

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