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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

Comment by 1234bmthon Jul 08, 2021 8:45am
115 Views
Post# 33510973

RE:RE:This we can all agree on!

RE:RE:This we can all agree on!Oil may go down but not lower than $68 in short term unless the demand crashes because some sell due to fear of the UAE and SA news and some may short sell oil hoping for a OPEC+ break down, but currently physical oil market is very tight until April 2022. OPEC will certainly reach a deal before the expiration of the current deal, oil will trade in the range of $68 to $80 until April 2022 and at this price range BTE will do very well, and don't forget SA energy minister had warned that don't bed against oil. This is all OPEC+ play game like last year price war.

All my opinion 
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