RE:3.60 Price Target Baytex Energy 1.75-1.91 tomorrowI have heard Baytex mentioned more in the last week than in the past year and everyone is talking about Clearwater . This play turned out better than anyone was expecting and with WTI remaining strong ($66.50 after API report) , expect some big days and increased price targets .
With oil and nat gas prices holding well above last year , increased vaccination levels and driving/holiday season just around the corner , things are looking good for BTE and the O&G sector .
The API inventory report today showed a massive draw on crude , gasoline and distilates which has Brent and WTI up this evening . If the EIA confirms those figures , oil should have another big day tomorrow .