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 > Strong Close...

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Post by DrNo1962on May 26, 2021 4:16pm

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Post# 33269637

Strong Close...

Hummm.... Final 7 minutes of trading large buy orders move this from $1.67 to close at HOD $1.71. BTE has underperformed peers and will get re-priced eventually. BTE also has relatively large short position to peers - very large actually at almost 5% of float. When (not if) these finally start to cover re-priing will be significant. Patience.

Short Positions for BTE

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : BTE	2021-05-15	26,325,710	5,813	564,110,922	4.67
T : BTE	2021-04-30	26,319,897	1,066,984	564,110,922	4.67
T : BTE	2021-04-15	25,252,913	370,092	564,110,922	4.48
T : BTE	2021-03-31	24,882,821	-1,684,598	564,110,922	4.41