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.

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Baytex Energy Corp > Message board tells

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Comment by BayStreetWolfTOon Feb 15, 2022 9:32am

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Post# 34429456

RE:Message board tells

For those watching closely....WTI was traded up 93 to 95.50 in the last hour or so of trading prior to settlement yesterday. That spike was an anomoly and thus the high % decline in oil today is based on that spike.

Ignoring that temporary spike oil is pretty well where we were Feb 10/11

The question is will people think....phew no war....thank goodness oil dropped from $95 to $90

lol

A new base set? Time will tell...if another draw today/tomorrow....it may help with that base.

ResearchSeeker wrote:
The board posts are telling us the algos intend to go stop hunting this morning!

It is options expiration, and the last week for February oil contract. 8 days until earnings. Institutions don't mind watching retail shorts get burned, because it makes them debt slaves. Pros certainly can not tolerate short selling losses. Expect a lot of manipulation for the remainder of this week. Regardless of the fundamentals, shorts are running out of time, and we all know it. I sense desperation, and PERSPIRATION, in their posts.

Stink bid looks like a smart play to me.

Here are resistance and support level again.

** Shorts experience thermonuclear meltdown above $8.40, if we get there rapidly

^5th resistance level $8.40

^4th resistance level $7.14

^3rd resistance level $6.30 Point of rapid price increase above this. Not much volume above.

^2nd resistance level $5.88 (Strong)

1^st resistance level $5.67 (Strong)

Baytex is $4.62 as I write this. VERY STRONG RESISTANCE Here, as we have experienced.

RS

Message Board Distorters Post

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Baytex and those who make the markets.

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