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 SlickRick40on Dec 18, 2019 2:27pm

191 Views

Post# 30469375

RE:RE:RE:What or who is keeping this stock so low? Thanks

Like all of the leveraged E&P's, they have too much debt in a low commodity price scenario. Recession could lead to bankruptcy while a recovery in oil price would lead to a 3x or 4x today's share price rally.

Nothing is forcing the stock lower, this is a complete lack of interest and belief that oil prices are lower for longer. If there's no major recession, oil goes back to $70 and these little guys will trade a good clip higher.

Bullboard Posts

They started in video game investing, now they serve high net worth traders