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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 ryanlaston Jan 20, 2016 8:39am
76 Views
Post# 24475634

RE:RE:Share price prediction for today?

RE:RE:Share price prediction for today?oil is due for a bounce here and I think 33 oil short term is possible. Bte will bounce wth that. That will probably start to happen in the next few days. I think yesterdays seling was overdone. I like BTE in this range. when oil does bounce this will take off. a few short months ago this was at 6 and now under 2. I think its a steal at these prices. I think BTE closes at 2.07. These prices make absolutely no sense. Why are these producers not pulling back to help stabalise these prices. If nobody is making money why continue to pump as much oil. This is just not smart business because nobody is making money. Would you rather run at 100% and make 28 a barrel. or run at 95% and 60 a barrel. Country's should start to enforce a 5% decreae on all production. I know that sounds extreme but if 5-6 country's did this together. That supply would get gobbled up quickly.
Bullboard Posts