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 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

Baytex Energy Corp

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Comment by bshort92on May 12, 2013 12:32am

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Post# 21369482

RE: I bought some more options

You are wasting your money. No way is BTE going to rally above $40 a share short term. Summer doldrums will set in, heavy oil differentials will widen to January levels at around $40 and BTE's netbacks will crater. Long term BTE is a good play but short term it has $35 a share written all over it.Think about it...$95 + WTI and the shares got hammered Friday. Heavy oil is in a bear market.

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