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.

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Baytex Energy Corp > I Think The Bottom Is In

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Comment by IndianSparrowon May 12, 2022 6:27pm

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Post# 34679729

RE:RE:RE:I Think The Bottom Is In

Paid Bashers out in full force today. Always a good sign.

Snowballer wrote:

This was surprisingly thoughtful and well articulated. I actually agree with Unlucky13 here.

I'm waiting to see where things go... took my profits (less a few stupid attempts at trying to get back in).

GL everyone. I'll start buying when the market calms. I don't need to catch the bottom.

Unlucky13 wrote: Interest rates are spiking, war has been negative for the world economy, supply chain problems are raising prices and Biden is desperately trying to offset higher prices with SPR releases. Everytime one thinks there is a bottom things can go from terrible to even more terrible. A recession can last months and we have the makings of another 2008 here. Won't be surprised to see $75 oil and a $4 share price this summer. Not out of the question, very possible here. A full blown recession that should have taken place during Covid is around the corner and a $75 oil price means $4 BTE. We are watching the great rerate that Wolf talks about but this time it's to the downside. In my experience everything always goes down more than you think. Could be very ugly tomorrow, maybe $5.60 is in the cards. I just don't think the bleeding stops here. The recession talk just started how you envision a bottom based on technicals solely surely ignores the larger issues at play. Also this new baby disease affecting kid's livers is souring the market.