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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
Post by gimlimikeon Nov 20, 2014 6:19am
189 Views
Post# 23146752

Big volume on both exchanges

Big volume on both exchangesThere has been a ton of cash made in other sectors this year and when you are considering tax loss selling to offset the gains you pick the biggest loser which happens to be oil. This year its a great weakling to go after and the timing is great ,just before opec meets , they are exerting the heaviest downward pressure onprices just before the meeting to extract some discipline from other producers. We have allready seen exploration and production cutbacks for 2015 and once the tax loss selling abates the santa claus rally just might be a doozy in oil. Nothing stays down forever ,neither will oil and the Sauidi's NEED $100 oil to finance their social programs and are willing to accept short term pain for long term gain,so should we. You can debate about when to get in but when ibte is back in the low and mid forties next year we won't squabble about if you bought at 28 -29 or 32 . Regarding the dividend sustainabilty the published reports by the company has allready stated their position and if you look back in time this company does not escallate dividends recklessly and when the world was ending in 2009 they reduced the dividend a modest amount for 10 months then increased it again, once the storm passed. 
Bullboard Posts