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 > Guess On the Close?

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Comment by topdown99on May 05, 2022 11:23am

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Post# 34658680

RE:RE:RE:Guess On the Close?

Well Wolf I wouldn't want to hazard a guess on the time frame with all the variables in play , consider ......

BTE "can" buy up to 1.77M shares daily so I think available funds are more of the restriction . TDBank has the lamest price target (I don't know why) but as BTE keeps absorbing the shares sold in an attempt to drive the price down (shorts) , the short interest will eventually run out of ammo and will need to cover .

So as I said , I'm more of spectator than a prognosticator at present , as I see it , it's a matter of "when" not "if" . So I keep watching for a close above $7.70 as my signal to buckle up .

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