Bullboard - Stock Discussion Forum 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... see more

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Baytex Energy Corp > $80 Oil was short lived

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Post by smallcaptdr on Jan 17, 2023 1:19pm

$80 Oil was short lived

Welcome back to having the US influence our trading day, one thing is clear the US traders are pushing down hard wiping out earlier gains with Oil. Right now we are heading towards $78 Oil dropping $2 from the high but we knew that this was coming and that Oil would top out after China reopening worked its way through the markets so now where does Oil head, there's been a lot for the markets to digest this week and Wed there a full day of US data continuing into Thur. If Oil closes under $80 that might signal a slowing in this rally with 3hrs to go anything could happen. My bullishness faded through the day after DD at the latest.

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