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 orlandoflon Oct 24, 2018 8:48am

64 Views

Post# 28862380

RE:RE:eigen

Eigen337 wrote: I think BTE is DEEP VALUE right now assuming that WTI stays above USD 60 and the heavy and light price differentials are CUT in half from where they are NOW early into next year (after the hedges are EXPIRED !!!).

I fear that we have NOT reached the BOTTOM but we are VERY CLOSE !!!

I CANNOT time the market and neither should you !!!

Wait UNTIL after the mid-terms (11/6/2018) to SEE if DJT takes to TWITTER and TEXT BOMBS the Saudis !!!

Saudis are at a COP of ~ 10,400 - 10,600 bbls/d so they could ONLY DRAIN their STORAGE to SUPPLY more crude oil on the market !!!

The Iranians are NO FOOLS and have HISTORICALLY been VERY SHREWD operators !!!

DEMAND is under pressure due to HIGH prices (in India) and TRADE WAR (in China) !!!

What is the DESTRUCTION ??? I DON'T KNOW !!!

However, I BELIEVE that crude oil prices will RISE in December 2018 !!!

This is my best GUESS !!!

E337