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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 Quietinvestoron Oct 05, 2021 1:00pm
134 Views
Post# 33967505

RE:Share price movement ???

RE:Share price movement ???I believe there is no one reasons,

1. About 75%, if not more today, of the market is managed by computerized systematic trading strategies
 - there is a strategy behind them based on company fundamentals and technical indicators, and in this case, the projected price of oil. Regardless of what I read here, believe the projected price of oil is still an unknown - 23 months out, since it is based on so many complicated factors that work alone, or are affected by other factors. 

2. Day traders.

3. Investors shorting the stock. 

4. Longs who have been holding for 3 years and just want their money back. 

Sure there are others. 

I have set a price target based on my own personal needs and views of the factors, still a way off. 

GLTA


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