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 PUNJABIon May 28, 2021 1:32pm

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Post# 33287054

This stock needs to trade above $2.00

Even with improved oil prices, the Oil stocks in general are stalling and so is BTE. WTI is trading at $67 but the oil stocks are not properly reflecting the improved cash flow as a result of improved oil prices. Maybe oil above $70 would be the trigger.

Today BTE is up because of Eric's pump. It is getting close to its 52 weeks high of $1.84. Anytime it trades around $1.80 it stalls. With the current WTI prices, it needs to break out of this range and absorb some of the big blocks under $2.00

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