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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 marketsenseon Aug 31, 2022 11:23am
194 Views
Post# 34932396

Whipped

WhippedLooks like a lot of investors got whipped this morning.  The volatility is simply too much
for certain folks who continue to panic over the first sign of weakness.  Unfortunately
this activity extends the downside every time.  If you're in the oil & gas market,  you need to psychologically prepare yourself for extreme volatility or stay away IMO.  
These markets are not for the faint of heart and are subject to extreme swings even
within the space of a day or a minute.  

That said,  volatilty can be great if you can get in synch with it and don't panic each
time.  The fundamentals are still favourable for the foreseeable future.
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