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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Post by PUNJABIon May 31, 2021 9:22am
144 Views
Post# 33295509

BTE gapping up to 52 Week high @ open

BTE gapping up to 52 Week high @ openUS is closed today. There was a big jump in people traveling on the long weekend.


User image


WTI is trading at 52 week high too.

User image


At and above WTI $67 BTE becomes a bigger cash cow and needs to break above $2.00 at these WTI prices. Investors are still not diving into the oil sector. It is a matter of time. All oil stocks need to break out from their current levels.
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