Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp > $77 oil looks critical point.

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Post by 1234bmthon Nov 18, 2021 1:07am

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Post# 34139374

$77 oil looks critical point.

OCT 25th oil was $85, BTE was $4.19. Today oil is around $77.75 (8.50% down from OCT 25th) and BTE is at $4.09 (2.40. % down from OCT 25 th). This is very strong performance. If oil holds $77+ Until Q4 report BTE may climb to $5 easily before earning report, if oil somehow drops to the $72 to $76 range then BTE may be traded at $3.80 to $4 range unless there's a positive or negative news that may impact SP accordingly.

all my opinion.

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