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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 BILLMINERon Oct 20, 2021 7:24pm
219 Views
Post# 34030107

RE:any clue as to why BTE SP has such rise today ...

RE:any clue as to why BTE SP has such rise today ...Shorts covering, institutional interest, and price of oil rising rapidly are all part of the quick rise in BTE sp. Market makers kept it in the 3.50 to 3.70 range with good daily volume. This was a real accumulation period for BTE stock. As some have mentioned the large volume in short shares are providing fuel for the fire. The stock is very undervalued and will continue on its quick upward trend. It's a perfect storm. The markets will really take notice with Q3 financials. $90-100 oil is just around the corner. I thought I chased this stock a couple weeks ago but I now realize that it was a wise decision. Accumulate now for a dime here in there in sp come spring won't bother you none. BTE will be pushing  three quarters of a billion in fcf for 2022. Increasing fcf, Rapid lowering of debt, dividend issuance forthcoming, and Clearwater (Blue sky potential) drilling and additional wells coming on board is why I'm here. A printing press for cash with high oil prices.  JMO 
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