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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 smallcaptdron Jun 20, 2023 2:13pm
213 Views
Post# 35505728

Selling under $70 Oil makes zero cents!

Selling under $70 Oil makes zero cents!Still, after months of watching Oil dipping below $70 and rebounding back investors haven't learned a thing. Everything negative but the kitchen sink has been thrown at Oil and $70 stands firm so selling in the eye of the storm or below $70 never proves to be a smart move or selling shares well below market value indicates zero wisdom where patience will prevail. China May Oil reports a slight decline from Apr record high! so China's Oil demand still remains high I don't know if investors can't read or if their calculators are busted. Unfortunately, these investors who sold won't feel the true consequences of their actions till they wake up to Oil rallying towards $80+ which will happen,  if Oil is staying above $70 with everything that happened then it's not going to take much to turn this course around and just as trees only grow so high the same stands true that tree's only burn till they hit the ground before a new one grows from the ashes. Be patient Oil's time to rally is coming.
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