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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 zone1on Dec 10, 2016 8:05pm
208 Views
Post# 25581381

No Baking Here

No Baking HereIf crude moves up 2 or 3 bucks on Monday, so goes this stock. I would suggest that for most majors, the prices are baked-in and they are at fair evaluations; but not for the the juniors and mid-tiers. They are still held down and ready to fly once crude moves into the 55-60 dollar range. If we see crude at 55 on Monday this stock should see 7 easily and Meg should see 8+. These stocks have been so beaten down and held down, that any significant up-tic from here in crude should give such stocks flight. Buckel in any enjoy the ride. Do not try and be a penny-pincher on Monday becasue you may have to pay much higher to get back in. I have loaded up on both BTE and MEG for this very reason. Monday promises to be a fun day after a couple of fun-filled weeks.  
Bullboard Posts