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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
Comment by TrendSwapperon Mar 20, 2020 10:51am
164 Views
Post# 30830353

RE:Shorts

RE:ShortsNot too much yet. There is 16 M shares short and they are trying desperately to hold the price down. 15 Billion in relief coming next week for Canada, which is much higher than Trump is funding to lift USA shale. Any whisper of SA and USA agreements to curb production will blow the roof off this stock. Then there is also potential of a buyout at these redicoulous low prices. Fact is, at 176 Million market cap I can't see this going any lower, and there are alot of possible positive catalysts on the table that will send it up very quickly. Reward definately outweighs the risk at this point.
Bullboard Posts