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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 Retiredgeoon Sep 23, 2023 8:18am
287 Views
Post# 35650528

The future of oil and Baytex

The future of oil and BaytexIn my opinion WTI is heading over $100 by years's end.  We might even again see the misery of $130 oil next year.  Baytex was very profitable at $80 and should be increasingly profitable as oil climbs.  I was surprised that it fell back from $6 and saw the current price as a good entry point.  It's Q3 numbers should give the stock a big boost.

I have heard Eric's optimism of $20 CAD Baytex by the end of 2024. I don't know about that but $10/share does sound obtainable.  I'll gladly accept a double in 16 months!

I have noticed that this board is full of shorter trolls as well.  Bother someone else!!



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