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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 marcroberton Jul 06, 2022 11:33am
127 Views
Post# 34805080

Nutall -still surprised

Nutall -still surprisedI added to my position a couple of weeks ago after seeing him on bnn, stunned he had to hand hold clients while can companies are making boat loads of fcf. He must be even more stunned today, as nva is sub 9 i think. the problem is the news flow, china, recession. the post covid reopening hangover continues. fyi for the last 20 years, folks like ollenberger always had target prices on oil stocks 50-100% higher than prices, but the market doesn't care. maybe looking back 10 years in 2032, we'll see they got it rigth this time, but we had had our share of lessons since 2014 haven't we? things can turn on a dime, and nutall will be shaking his head again and buying hand over fist. If Ukraine war ends, we'll see these stocks a lot lower my guess, at least temporarily. Macro wise, China is a tailwind hopefully if they can get it together that lockdowns and their vaccines are useless, Ukraine war end is a mix of tail wind and headwind, tail for Europe to get out of recession faster, head because you would expect oil price to come off a bit, although not like russia is going to be selling oil to europe any time soon. 
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