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 > Technicals

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Comment by IndianSparrowon Jun 17, 2021 5:35pm

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Post# 33408645

RE:Technicals

IndianSparrow wrote: BTE is performing in complete sync with its 1, 3 and 5 year chart pattern. The trend is still positive on the chart. Drawing the support and resistance lines on 5 year chart shows strong clash in the $2.85 - $3.00 range. Once BTE breaks out from this, which I think will be a herculean task, then the 10 year chart will come in play. Will discuss that once this can break out of this pendant formation on the 5 year which IMO completes around $3 in the next few days. GLTA

Interesting price action today. Feels like a shakeout to get some weak hands off. Chart for 1 year now suggesting that a gap in 1.65 to 2.04 range might be targeted. This can correct all the way to $1.80 and the bull trend is still intact. GLTA.

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