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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 Apr 22, 2022 6:37am
319 Views
Post# 34622896

Looks ugly today, real ugly

Looks ugly today, real ugly Might see under $6.50 today.  Oil is down $2.  We all could have all made 65 cents a share in two days.  I knew $7.15 looked toppy and it sure was.  It's going to tumble today.  Powell mentioned interest rates and inflation and that will stagnate demand more than anything.  Be prepared for a slaughter today.  So much for that great rerate the other day.  We will give it all back.  Yesterday the stock dropped 18 cents with oil up a buck.  Today we may see a 25 cent drop with oil down $2.  Book it and don't say I didn't tell you first.
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