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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 topdown99on Feb 25, 2021 10:34pm
260 Views
Post# 32668202

I'm not sold that this is the end of the world

I'm not sold that this is the end of the worldBoy the sheep were running hard today and everything took it in the teeth . The good news is WTI continues to flirt with $63.50 , oil is becoming more of a supply focused market and supply is tight at present . 

EIA report of a 338bcf withdrawl of nat gas was impressive and has put inventory below last year and the 5 yr average . Remember the withdrawl season started at historic high levels of inventory which have been cut in half . The dwindling production and increasing demand are still being blown off by NY futures traders but a cool/cold March will keep prices steady .

The healthy price of commodities continue to build a very solid quarter , the value is all around this sector and investment will find it as the dust settles . BTE is still under valued and will eventually get there .
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