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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 d_trumpon Mar 06, 2016 10:20pm
143 Views
Post# 24628449

RE:Oil was $36.50 or so Friday close

RE:Oil was $36.50 or so Friday closeUnlucky is correct about 1 thing - the 2:30 close was 35.92.  This is really the only "close" that matters - it is the price that the next day (Monday) will reference.  Unlucky also refers to the 4:00 close - there is no 4:00 o'clock close.  That happens to be the price that oil was trading at when the markets close.  Electronic trading closes Friday at 5:15.  But what happens between 2:30 and 5:15 is almost always inconsequential - trading volumes are minimal.  Similarly trading activity through the overnight are usually not meaningful.  The exception would be if there was a major event happening (Asian markets crashing or some sort of geopolitical event).  

What Unlucky will say is that by referencing the 2:30 close we are over-stating oil's rise since Friday - but not really because the movement after 2:30 had no volume and is therefore meaningless.

Sure green is always better than red, but nothing really counts until the morning.
Bullboard Posts