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.

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Baytex Energy Corp > Reasons

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Comment by liljohnnyjokeon Nov 08, 2023 10:39am

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Post# 35723556

RE:Reasons

What happened to imminent $100 oil just over a month ago?

When the hedge funds were long oil all of the info you mentioned was the same but didnt matter.

Once profit was taken and switched to short positions suddenly the doom and gloom stuff does matter.

Pre Gaza worried about supply concerns.

Since Gaza no worries on supply disruption.

When before mentioned that OPEC cuts could be replaced with output from Guyana Brazil West Africa it ddnt matter, now looms large, that fact didnt just change in @ a month.

Doom and gloom oil guys now have now replaced rah rah oil guys on stock channels to strengthen NY hedge fund short profits.

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Drilling company poised to capitalize on market conditions