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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 Lunchisforwimpson Nov 11, 2018 11:14am
208 Views
Post# 28956719

Opec Cuts Imminent

Opec Cuts ImminentI love it when a short term all be it aggressive move in the price of oil causes doom and gloom prognostications (outright panic in some individuals).  The analysts cut targets LOL. Only to be followed by Opec cutting and a new narrative emerging to drive oil prices the other way.  I admittedly backed the truck up for BTE last week due to its newly amended heavy to light oil profile that now includes US eagle ford (buy the emotion and short term over supply rhetoric).  The oil price swing and market sentiment will determine how long I hold (sell into the eventual shortage rhetoric). The market and the BNN swamies will now start to opine as to whether Opec will or will not cut and place their bets (encouraging the sheeple to do the same). The price of oil will run up on geopolitical news until a new narrative emerges.  That is the world we live in...if you cant beat em....trade em...the BTE trade is setting up nicely...                 
Bullboard Posts