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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

Post by Alwayslongson Feb 23, 2021 9:27pm
186 Views
Post# 32643794

BTE will recover just matters of time

BTE will recover just matters of timeI have been long on BTE for a while. Longs on BTE doesn't care about what the price is right now and we care more about what price will be in a few years. Don't quite understand what Unlucky's point is. I agreed there is no chance for BTE to go back above 20's even above 5 in a few years. But if you believe BTE can teach 3 bucks in 2-3 even 5 years. That will still be 40-50 percent rate of return every year, which will be awesome. Longs don't expect a few times in a few months so either you are a believer of BTE and then you just get in at such undervalued price or leave the stock alone and buy other stocks. No point always bearish on BTE, I will be happy if BTE reaches 2 bucks in 2 years, so I am totally confused by what unlucky is trying to express.
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