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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 Snowballeron Mar 15, 2023 5:12pm
292 Views
Post# 35341103

Okay, looking at today's action objectively

Okay, looking at today's action objectivelyWhile I did not buy BTE (I'm focused on more quality opportunities) today's candle in my opinion would be where one would start a position $4.18 to $4.56 either for a bounce or to just add the name to your holdings. 

I think there could be a bit more pain (we shall see), maybe some consolidation if it doesn't immediately test $4.68 range on a bounce.

If we somehow get to the $3's (or lower) I will start adding the name again to my portfolio. I just don't care enough about mgmt anymore.. their efforts seem futile and unreliable. There are better names with actual dividends with much less debt.

GL people.




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