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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 Unlucky13on Nov 17, 2021 8:29pm
295 Views
Post# 34138826

Told you so

Told you so Under $4 tomorrow with oil down.  I made a huge mistake but liquidating everything.  We are stuck and with the fifth wave coming and the SPR being released means oil prices are likely to flatline here.  Won't be surprised to see low $70 oil and even the IEA thinks $77 for 2022.  Oil to $100 has died down and this a long term game now.  All the $5 after earnings talk has died down and BTE just seems very stuck here.  It has grossly underperformed it's peers.  If this goes back to $3 it will be very painful.  Lithium batteries is the rage, Biden wants 50 percent of the autos to be electric within 10 years, oil had it's return but it seems to be over.  If the only catalyst is a brutal winter that's a big bet that may fall flat.  Supply is charging ahead in the US, I think the Covid rally is over and the share price will continue to suffer here.  $5 seems very unattainable now.
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