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

Bullboard Posts

Comment by kmappon Apr 19, 2016 7:23am

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Post# 24782242

RE:Saudis are playing into the buyer's hands.

Laughed at your assessment of the Saudi's trading ability that you posted PROtrading. Here is a link to an article on Bloomberg that has the best example of how moronic the Saudi's truly are, copied below an excerpt displaying this Prince's glaring stupidity, lol. Obviously they have so much money in their pockets that they have completely forgotten where all that money comes from, the sale of oil....duh. If oil stayed at $30 I wonder how long it would take for all their cash reserves to be depleted, I think they would be broke in under 5 years?

https://www.bloomberg.com/news/articles/2016-04-18/aiming-at-iran-saudi-arabia-mixes-oil-policy-with-politics

"We don’t care about oil prices,” Prince Mohammed told Bloomberg last week. “$30 or $70, they are all the same to us.

PROtrading wrote: Funny how the Saudis keep repeating they will supply oil to meet the "demands of customers". These guys are so market naive and have no concept that they are playing in the buyers's hands. They should have Prince Noclue study up on deBeers and diamonds. Both Saudi Arabia and Iran are chasing the India and Chinese market and they think overproducing is the solution! LMOA!

China: smart buyers

Saudies: the world's most stupid producers/seller.

They would rather sell two barrels for the price of one because that sure beats the other national treasure; camel trading and sand.

Not an issue for Baytex, lots of buyers and it's again beating my other favorite triple bull. Really tempted to take my profits for today, at 10% but won't. I'll end up buying higher if I do. Patience is what's needed here. One of my cars is for sale, dealership wanted to low ball it on the trade, gave them the finger and I'll make someone happy with a sweet private sale on a sweet ride that's only 5 years with low KM. Guess where the money is going? ;-) LOL

Trading solid at $5+ and >$1B market cap, we'll have serious buyers coming in. I know, non of those guys are here.... LOL ;-) That's why the bears guard this board 24x7 ! LOL ;-)