Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 red2000on Sep 02, 2022 1:33pm
225 Views
Post# 34938691

Fibonacci analysis...

Fibonacci analysis...Interesting comments, below !!! CL is WTI chart, It's only another view to analyse chart !!!
Please do your DD, it's your money !

CL: I have a different interpretation of CL than Ark. I'm seeing price is having bottomed (or bottoming) in wave 4. 

We have a possible 5 up from the August low which retraced nearly 100% into yesterday's low. The bounce from yesterday's low, though small, is possibly impulsive. And even though the bounce is potentially impulsive it could just be an A of b in red.

To entertain any immediate bullish outcomes price needs to remain above yesterday's low.  For bulls to resoundingly take control buyers need to push price back above this week's high and ultimately we need to see a bigger 5 waves up to resoundingly establish a low in place and price heading up to $150+
CL: Micro support for continuation higher off of yesterday's low is $87.25-$88.05
 

<< Previous
Bullboard Posts
Next >>