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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 Unlucky13on Jun 08, 2021 6:41pm
155 Views
Post# 33352493

Oil red!

Oil red!Could be a bloodbath as oil dips under $70 tonight.  The conference call was a bust.  No buybacks or dividends.  Not the white swan event everyone anticipated.  Even longs are questioning how this can be $2 at $70 oil.  Do you know what is scary?   This could be a 99 cent stock at $50 oil.  At $60 oil it's a $1.30.  The rally fizzled and I have been caught with my pants down buying more shares on margin.  I am chasing big losses and had to buy more but am very disappointed as usually with the stock today.  It's hanging on cliff and $2.17 seems so distant.  Don't like the optics lately and I feel the bottom might fall out as oil has topped for the year.  Even $65 oil is likely $1.50.
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