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.

TSX:BTE - Post by User

Baytex Energy Corp > Fri Mar 25th daily update

<< Previous

Bullboard Posts

Next >>

Comment by BayStreetWolfTOon Mar 25, 2022 1:07pm

203 Views

Post# 34546055

RE:RE:RE:RE:Fri Mar 25th daily update

Everyone should follow JD here.

While I would like the short % to get down near 10M (relative to others in O&G I track) so maybe in my mind 10m in additional shorts to reduce...this I feel will continue to help as a certain % cover but it won't do what we saw with stocks such as we saw in the US

What is going to drive us here is multipe other items

1. Supply/demand
2. Frac count dropping
3. US supply NOT increasing
4. Companies focus on shareholder returns (the group that has supported them through the tough times)

Right now debt going down fast, share buybacks incoming...

Time and patience...not much longer now...

Supply/demand (as you saw with the EIA data) remains the bullish thesis here

JohnnyDoe wrote:

fortunefavorsus wrote: Looks like another 3 days above $112. You have to be crazy to be short this stock. I think we could see a massive short squeeze at some point taking us up to $10 when BTE starts buying stock.

wouldn't we need a massive amount of shorts for that to happen?