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 > Dead investment

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Comment by BayStreetWolfTOon Aug 04, 2022 5:47pm

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Post# 34872533

RE:RE:RE:Dead investment

Snow, i would also argue the chart is a sign of sentiment.

IF (and I don't forsee this) Putin saw the drop below $90 and tonight announced Russia was unilaterally cutting output by 2m bpd (some in Russia actually want to see cuts).

Most would miss their flight.

If I have learned anything in global markets is you me very know when the trigger will happen and typically by that time it is too late.

You just never know.

Snowballer wrote: Actually I think Oil is in a bear market... 3rd day now that WTI is below the 200DMA. Some stocks like WCP are now under the 200DMA. Bear territory. The only thing bullish is the "narrative". This could all reverse soon of course but for right now, anything under the 200DMA imo is all bear territory.

bogi wrote: I don't think it is dead - energy is still in a bull market but the whole thing BTE and others got pushed up just a little to fast . Things will settle down and by the 3 Q we might have a better picture of the energy stocks . Take your time with the Energy Bull market.