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 > fear of inflation and recession

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Comment by riskion Jun 23, 2022 2:29pm

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Post# 34778024

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

It's a combination of things. I suspect there are a lot of margin calls forcing selling. Retail panic piles on. Then institutional algorithms amplify the swing and the cycle continues.

Don't worry, it won't last forever. BTE is a gold mine. An absolute cash machine above $70. At this WTI level, it's a flood of cash. That won't be ignored for long.

Buy if you can. I can't promise a bottom here, but this is a GREAT price.

BayStreetWolfTO wrote: Mas, I will glady put in an offer to buy 285m shares @ $0.50 with $95 oil

masfortuna wrote: Nothing wrong with oil dropping Red BUT at this rate if oil hits $95 we will be trading at .40 cents. 10-15% drops daily with no fundamental change to supply and demand makes no sense. We are down 43% as I write this in a little over 1 week. anybody care to explain what would cause this to drop 43%? Interest rates went up .75, and oil is down 10% in that time frame. assuming that demand drops over a recessionary perod, it will drop 3-5% NOT 43%. Well I guess we will see.