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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 BayStreetWolfTOon Feb 08, 2022 2:45pm
123 Views
Post# 34409697

RE:BTE – Options Expire Next Week, Tug Of War This week

RE:BTE – Options Expire Next Week, Tug Of War This weekRS, to be honest I am not a chart guy....I hold stuff long-term. That said someone I know who follows charts mentioned the following

RSI
Friday Feb 4th 2pm > 83
Now RSI <40

He feels it went from overbought to oversold in 2 days...interesting but who knows. Biden needs a win somewhere. Iran needs to move forward.

That said Iran barrels not enough to drive major swings is what I read




ResearchSeeker wrote:

The question is, who will win the war. The technicals to pay attention to this week, are in regards Fridays closing price. There are candlestick patterns that could set the tone for manipulation next week. The weekly candlestick chart is what I am referencing.

 

Most bullish is a closing price in the range of $5.35 to 5.67. This would complete three white soldiers, or three advancing soldiers. This is a bullish continuation pattern. It could cause more momentum traders to go long.

 

Neutral would be a closing price between $5.15 to $5.34. Could make a doji, or a small candle that is not really anything traders will concern themselves with.

 

Less Bearish would be a close between $4.92 and 5.14. This would cause anticipation a dark cloud cover, and could cause momentum traders to reduce their positions late Friday afternoon, and into next week.

 

More bearish would be a close of $4.63 and $4.91 or less. This is a dark cloud cover. If this appears likely on Friday, there could be higher volume, and a greater price decline next week. A close of $4.62 or less, makes a bearish engulfing pattern, which is the most bearish pattern. Based on the last two weeks of action, this is unlikely to happen.

 

The manipulators must decide whether or not to risk inventory reduction, by driving Baytex downward. There are only six more full trading days until FY/Q4 of 2021 are reported, and we already know this report is going to be positive. Stay tuned, it could get interesting.


These links are for those new to the board. You're welcome.
 

Message Board Distorters Post

https://stockhouse.com/companies/bullboard?symbol=t.bte&postid=34326632

 

Baytex and those who make the markets.

https://stockhouse.com/companies/bullboard?symbol=t.bte&postid=34397511




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