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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 Feb 02, 2022 8:21pm
232 Views
Post# 34391501

Trouble tomorrow - oil down

Trouble tomorrow - oil downFor the poster who said to diversify absolutely you should if you are up $250000.  BTE can absolutely  drop 25 percent here.  It's a ping pong rollar coaster and not stable.  At $70 oil it's a $3 stock.  Everyone here knows that but won't admit it.  SU is much more blue collar and stable.  Won't be surprised at all to see a $4.35 price and $82 oil next week.  No guarantee to get a bump before earnings.  I am up and chancing it but it's very possible for a dollar slide before it accumulates and goes up.   It's not going to be straight up to $6 here.  For those in the know intra day trading doesn't matter.  This didn't close above $5 and my new prediction is $4 before $5.  Sadly this will be red tomorrow with oil down overnight.
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