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 > JPMorgan Chase & Co forecast Brent breaking below $60

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Post by smallcaptdron Mar 26, 2023 10:27pm

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Post# 35361657

JPMorgan Chase & Co forecast Brent breaking below $60

This was out 2hrs ago when early trading had Oil hit $70 now Oil is in the red @ $69 but this trading means little by tomorrow it'll be in another timezone. The only reason for this post is Brent is now projected to hit $60 so you can imagine where WTI will be. Nothing is carved in stone, Oil could easily rally on any event that will cause production loss or improvements in the financial system restoring confidence and risk appetite it will happen so let's hope that its sooner than later.

Oil Edges Higher After Weekly Gain as Banking Concerns Linger - BNN Bloomberg

The rout might not be over just yet, with JPMorgan Chase & Co. forecasting Brent could break below $60 a barrel in the near term.

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A junior copper-gold stock trading at a bargain of monumental proportions