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 > 3:2:1 Crack Spread

<< Previous

Bullboard Posts

Next >>

Comment by 65F09Aon Dec 07, 2022 4:14pm

138 Views

Post# 35157378

RE:RE:RE:3:2:1 Crack Spread

3:2:1 Crack Spread is not technical analysis. It is the cost of 3 barrels of CL vs the value of 2 barrels of gasoline and 1 barrel of heating oil.

WRT DaveMTL, maybe he is of the opinion oil is going to $50.00? His entry in the continuation gap might not look so crazy? I am not of that opinion.

A technical analyst would argue his methodology includes valuation. It includes every market participant including bottom up, top down, algos, longs, shorts and insiders. He would argue that the price action and resulting chart records every single vote (buy/sell) every day and every week.

<< Previous

Bullboard Posts

Next >>

Optimi Health makes commercial entry into Australia