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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 IndianSparrowon Jun 22, 2021 1:07am
235 Views
Post# 33425616

Technicals Revisited

Technicals RevisitedAs I had mentioned in my previous post, the bull trend line on the 1, 3 and 5 year stays intact. The short term resistance at 2.28 gave up today and now the next strong resistance lies around $2.80 The 5 year chart is telling me that a test of $3.00 level is going to happen in the next few days. Crude Oil Price is the key and as long as crude stays here the technical chart is very bullish. GLTA.
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