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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

Post by nikolaoson Jun 23, 2022 4:00pm
252 Views
Post# 34778375

what I find interesting

what I find interestingBetween the dates of April 1-8 BTE was trading between 5.55-5.67 for the closes, while wti was trading between a low of 92.65 and a high of 102.64 for an average of 97.23.  

This was before the q1 release and here we are, within that same range today, nearly 2.5 months later and a whole lot of free cash generated.  

In my opinion, the last couple days of 10% + drops are not based on fundamentals, rather a fear and panic of the markets mixed with a lot of margin calling. Cant tell if this is the bottom, but the bleeding will have to stop soon.  GLTA and dont sell your shares for cheap. 
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