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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 Dec 30, 2021 2:33pm
90 Views
Post# 34271666

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:4.00$ Now. Lets do this.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:4.00$ Now. Lets do this.

This is where Wolf has no skin in the game and is a company shill.  I wouldn't be surprised if he worked for investor relations.  He keeps bagnging the drum about $65 oil and about how the share price doesn't matter.  Does he any own shares?  Apparently not.  The share price is the only thing that matters and he has polluted the Board into thinking $65 oil is good enough.  It's not, it has hit us to now but to break $5 a share we need $75 plus for 12 months.  The hedges make the upside extremely limited, this protects us from bankruptcy but caps our upward mobility.  The fact that Wolf can't give a share price prediction tells you he is a company shill, nothing more.  


$65 is probably the worst case scenario for longs, it just leaves us in a state of no man's land and the stock can't go up with that price.  Way too conservative.  Even a run to $85 is not enough as prices need to be there for a whole calendar year.

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