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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

Comment by 1condoron Jun 23, 2022 12:52pm
215 Views
Post# 34777578

RE:This is Canada specific

RE:This is Canada specific
TheWokeLemming...this drop has nothing to due with Trudeau. Its all about market rotation and a sector that everyone thought could ride out this downturn virtually untouched...not a chance. The oil and gas sector was due for some heavy profit taking...just look at those returns over the past couple years...you would have to be an idiot not to take some profits into that type of run.  On the flip side...fear is now gripping a lot of investors and that has got the ball rolling downhill even faster. Will be interesting to see how far the downdraft takes the stock.
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