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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 IndianSparrowon Apr 29, 2022 6:19pm
350 Views
Post# 34643919

Support Lines

Support LinesBTE moved back to it's short term support line in the 6.50ish area. On the 1 year chart, the next support line stands slightly below $6.00 (approx $5.75 ish). Upper resistance sits at 7.85ish on the 10 year long term. Looking at market reaction after earnings for most companies suggest that the market wants to sell and go lower. All sectors are being sold after earnings release pointing to a recession scenario. Next week is FOMC rate decision which will add more volatility to an already super volatile market. GLTA
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