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 > 75 points priced in?

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Comment by BayStreetWolfTOon Jun 15, 2022 11:28am

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Post# 34758157

RE:RE:RE:RE:RE:RE:75 points priced in?

Interesting Moe, I thought maybe they actual do 1 full point and surprise the market the other way...supress things through the summer and release the pressure heading into fall....

Short-term pain...long-term gain?

I would still be shocked with a 50 bps....it will be interesting....exciting day!

Moemoney42 wrote: I agree.. I think 50 bps is the call.. going forward its the "talk" that will be watched closely.. is it hawkish or dovish..? the markets and manic analysts need to let the rate increases time to show up in the numbers, instead of running around with their hair on fire.. :-/
interest rate hikes won't solve supply chain issues or lack of investment in the O&G industry, which are the two main factors to the recent inflation scare.. knee jerk reactions will only do harm IMHO.. steady as she goes with the 50 bps, in my mind will do the trick by years end to turn inflation lower.. ;-)

Chrisinvan7 wrote: My bet is the fed hikes 50 BPS and 'surprises' the market causing an EOD rally. Powell talks 'tough' in the press conference, but he's all bark, no bite.