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 > "Recession risks have caused oil prices to slide in June"

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Comment by Maxmoeon Jun 23, 2022 5:12pm

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Post# 34778647

RE:"Recession risks have caused oil prices to slide in June"

Good to hear. Same traders were amassing huge call positions expecting oil to hit $200 this year. A month or two ago.

balducci wrote:
"A rising number of commodities traders are betting that prices could even fall another 25% by December. The price of a barrel of crude crashed from $139 to $39 during the 2008 Great Recession."

The article mentions that traders are initiatng massive put positions in oil companies.

https://markets.businessinsider.com/news/commodities/oil-price-outlook-crash-investing-recession-put-options-futures-inflation-2022-6