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

Post by cgyinvon Sep 17, 2020 2:20pm

373 Views

Post# 31577500

that's what I thought

Shorters has a big position on BTE, now with unexpected oil price rise, thay need to drag the SP not going higher, at least for the time being, then when oil price fall again (possible), BTE will go much lower, that's why we saw huge volumn yesterday.

I believe BTE is safe for the long run, unless something like COVID19 happen again, in 2021 oil will above $50, and BTE at least between $1.5-2

For short term, unless you're absolutely sure, don't do anyting, just hold what you have.

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