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 gareez47on Nov 14, 2019 3:19pm

325 Views

Post# 30352474

RE:BTE Slowly Going To Hell

I think you are wrong. I don't post often as I prefer to sit in the weeds here but....
We are now halfway through the 4th quarter and WTI has averaged over $55 for this timeframe.
If this keeps up for the second half of the quarter BTE will have a full year of profitable quarters with debt reduction in each one. If you think that no one is noticing this you are wrong. The institutional buyers have loaded up at low prices and the only insider sellers have left the company. I am quite content to sit on my 49k shares averaging 2.28 CDN and wait for the awakening. Will you hit a double? Not really but I think the mid $3 range is possible by next summer. My opinion.

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