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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
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Post by IndianSparrowon May 06, 2021 11:24am
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Post# 33140720

Technicals today

Technicals todayThe 1 year chart is looking great for BTE. After playing resistance support around the trendline, BTE broke to the upside yesterday. The retrace back to trendline support is around $1.60 level. $1.55 resistance was taken out yesterday with brute force. Oil price is key. Even if it stabilizes in this range, BTE will appreciate over time as they pay down their debt much faster and strengthen their balance sheet. GLTA
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