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

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Post by smallcaptdron Dec 30, 2022 12:52pm

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Post# 35197235

Year of Oil plays...

Its been a bullish rally the first half of the year and a spiraling downward fall in the second half so if trends are viewed as the law then 2023 might not go as planned if the market is looking for $100 Oil but we will revisit $80+ at some point and today being the last day of trading direction is all over the map as some sell-off before the New Year and some buy closing the books on Friday 2022 and out of Oil plays I feel that BTE is #1 for many reasons from production to the books and the SP has always been fair market value and that's a hard accomplishment in a year of volatile Oil swings so 2023 should be no different. CPG is equally solid but the metrics are very different as their chart shows I think BTE SP has the upper hand being more desired to trade and that's the obvious difference but your money would be just as safe with CPG, last is ATH who has had a horrible Q4 with Keystone pipeline being down for a month and a month of lost revenue we assume because the company hasn't come out giving any details of the shutdown and that speaks volume of the management so we know that they lost revenue but to what extent not known or how much cash they bured through and this shutdown only really affected Oil Sands and Oil Sands has always been a negative with ATH just because of the high cost of production and its said that $50 Oil Sands go broke, $60 keep the lights on and $70 your ok but far behind conventional Oil well production but whats worse is that the SP has been pushed up beyond fair market value it's as if Keystone never happened and thats why volume is down and it seems that after my post that in spit they run the price up so its been a money maker out of a disaster but seriously ATH has issues and thats why volume has dropped off over the months and market money seems to be flowing into BTE, CPG I feel. So BTE is #1

BTE