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 > fear of inflation and recession

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Comment by BayStreetWolfTOon Jun 23, 2022 1:50pm

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Post# 34777869

RE:RE:RE:RE:RE:RE:fear of inflation and recession

Yes Cobalt, not Cdn O&G only....

Cramer literally called an oil bear market after saying oil won't drop LOL.....all the tech guys freaked out took major loses and went back to tech...now us oil longs are still up YTD but it was a wild ride.

BUT the interesting thing is the NASDAQ is almost flat for 3 days....so how much would I bet to say the big boys on media said bear oil...bull tech....and as retail shifts the big boys maintain the level and sell into the buying (what we are seeing)

Now with O&G back to better levels they slowly accumulate.

You have to think like them...

It's almost evil lol

Cobalt wrote: XLE American index 25% off the highs , CVE 25% off the highs TOU 23% off the highs SU 20% off the highs , tells me it is not a Canadina tax leak

masfortuna wrote: No there is more to it. I supect a leak about a tax is causing all of this. This is sector wide and not just BTE.