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 audreyhollyon Jun 08, 2016 12:48pm

218 Views

Post# 24946833

RE:Right off the cuff...I'm a trader

Hi,

I have been watching oil for about 10 years. Most of my trades have always been commodity trades.
I was lucky to get into this stock early, but I would definately not sell this stock for at least another year. I think it has a huge upside, and I think somebody mentioned it could easily reach $20 by next year if not sooner if oil continues to rise.

Here is a good link to give you an idea on how commodities including oil are doing in the past year. It seems a bull market in oil is surely developing. And because there has been such a destruction in the oil sector with regards to investment, and because demand globally for commodities seems to picking up. This is a good sign for oil.

Here is the link.https://www.nasdaq.com/article/the-bull-market-in-commodities-cm631944

all the best