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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

Bullboard Posts
Comment by Opportunuson Apr 10, 2013 8:12pm
138 Views
Post# 21239465

RE: Bounce down!

RE: Bounce down!

The bouncing up continues. It looks just like last one starting late Feb. But this time we  have got a down trend line above our head. I would like to see breaking out of that resistance. We got lower lows in RSC, ROC, Momentum, comparing to previous lows. Possitive devergence is still in place. The SPX is strong. And, I believe the crude will be up in the next a few months, which is only my own thinking based on the open interets and volume I read from the crude chart. Therefore, it may be more than just a technical bounce. There are uncertainties of course. This is Canadian producer, a heavy oil play. I may have to exit if things turn.

Bullboard Posts