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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 May 09, 2022 7:03pm
385 Views
Post# 34668853

Where would you put your money ??

Where would you put your money ??Today was a day of throwing the baby out with the bathwater when it comes to broad market selling. Oil still in the $100+ range and Canadian O&G stocks sell off worse than tech stocks ??. You have to give your head a shake. Today looked more like capitulation selling and with low liquidity, algos had a field day hunting stop losses and eating margins. Fundamentally, O&G sector is the best sector to be invested in. Oil can drop to the $65 - $70 range and stocks like BTE are still a bargain at these prices. As always, retail investors are the worst enemy of their own money by panic selling their good value stocks when the tree is shaken. I am waiting for the trading volume to dry up substantially in BTE going forward. Then, we will see some real price gains. The MMs need all the weak hands out. The journey to the top is always a lonely one. GLTA.
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