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 > 5.87

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Comment by Nothingmatterson May 12, 2022 5:05pm

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Post# 34679481

RE:RE:RE:5.87

5.43 is its 30 day moving average...if demand goes by 10 percent oil goes straight to 70s, then $3 is not even out of the picture... interest rates decrease companies valuations.... Did you ever say it will go below $6. No but it went to 5.87 lol... 5.50 is not far away glta

IndianSparrow wrote:
And why would it hit 5.50 ??

BTE is right at its 6 months, 1 year and 3 year support line. $5.85 - $5.87 is the support area and it might test the stops below that just to mess some nervous longs.

The overall market sentiment is driving this irrational behaviour. Eventually, good sense will prevail and hopefully all weaklings would have been flushed out.

GLTA.

Nothingmatters wrote: 5.50 in sight

Nothingmatters wrote: People just believe whatever suits them without looking at the facts in front of them...jmo.