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 5:59pm

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Post# 33408729

RE:RE:RE:Technicals

dandu1924 wrote: The gap not always filled up, and there is a gap around $1.80 and an another one around .50, so what is your feeling about it.?

Good point and yes, gaps are not necessarily filled up all the time. I see a higher probability of the most recent gap up range to be targeted. The ones before that which are way down can only happen if oil tumbles like last year. Oil price is key to see if a gap will be targeted. IMO, if oil does move to test $65 again (highly unlikely), we can see a gap move down. Buy the trend still holds for a bull at $1.80 GLTA

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