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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 retiredcfon Apr 03, 2023 9:31am
296 Views
Post# 35375815

Ink Research

Ink Research

April 3, 2023 - As we start Q2, both black gold oil & gas stocks and white gold electric metals stocks could enjoy some tailwinds. The oil patch begins the quarter with news that OPEC plus Russia will collectively reduce production by about 1 million barrels a day, starting in May and going until the end of the year. Although the cut includes the 500,000 barrels a day previously announced by Russia, the late Sunday news from OPEC+ provides the market with a bit more assurance that Russia will follow through on its commitment. This comes as the positive seasonal factors which we highlighted in our March Top 30 Energy Report come into play. Frontera Energy (Sunny; FEC) was our top-ranked INK Edge Energy stock in the March Top 30. Baytex Energy (Mostly Sunny; BTE), which was #23 in the report, is the Energy stock with the most key insider buying over the past 30 days. Nine Baytex insiders have spent a combined $3.2 million buying shares in the public market in that time. The 611,820 shares were purchased at an average price of $5.26.


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