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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 Unlucky13on Nov 18, 2021 11:28am
115 Views
Post# 34140967

RE:WTI

RE:WTIThe IEA (International Energy Association) forecasted $77 oil for 2022.  Not a correction, right near the top end of the range for 2022 forecasts.  Also, the USA is releasing the SPR to balance supply and demand.  It's the fifth wave and the overwhelming majority of analysts are saying $80 oil is the peak as increased supply is on the way.  With $77 oil for 12 months slowly BTE will pay off debt and maybe we can appreciate 12 to 18 months down the road.  At current prices we have stalled and any action to the downside in oil will certainly sink the stock price further.
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