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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 269,000 gross 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 kegmanon Jun 07, 2024 8:35am
143 Views
Post# 36077081

WE hit $76

WE hit $76Nice relaxed gain this week. Shorts released and they survive for the next play.  I would think any residual shorts will be out today, not risking anything stupid happening in the world this weekend.  You know like Lebanon catching fire, Ukrainian missiles go a little too far into mother Russia ( I am in favour of that btw.  With no real chance for damage how does Putin ever even think about leaving Fighting a war with one hand tied is not a good defensive strategy) REgardless of world events, Nutty is correct that overall storage is at extreme lows.  The news just compares weekly, lets look annually.  BTE will swing hard on oil hitting $80 again and next Friday is cutoff day for the dividend. All things looking better for the rest of the month and then we get Q2 report.  Hopefully we are below 800K share float too soon.  That is symbolic I would think.  GLTA
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