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 > $3.00 by Driving season!!

<< Previous

Bullboard Posts

Next >>

Comment by 1234bmthon Mar 07, 2021 12:46pm

219 Views

Post# 32738869

RE:RE:RE:RE:$3.00 by Driving season!!

In March presentation it is clearly stated:
$60 WTI = $300M FCF
$65 WTI = around $365M FCF
and I think this is a conservative projection, they don't want to fall short of their projection.
now all depends on oil price to which direction SP will go and to what magnitude.
my opinion is: If oil stays at current level, BTE will reach $2.50 to $2.75 by Jun or July, but if oil goes more up SP will go higher than that and if oil goes down from here SP will go down from this point.

<< Previous

Bullboard Posts

Next >>

Eminent acquires promising Nevada gold project