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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 smallcaptdron Oct 02, 2022 8:40pm
277 Views
Post# 35000681

Oil should be in the $80+

Oil should be in the $80+I think that everyone opened their eyes when Oil dipped down to $76 which came up sooner than I thought, I was too conservative on the time that it would take to hit $75 so this sell-off has more than enough downside selling pressure and momentum since June and I'm thinking that we have to be getting close to the bottom of this selling and if the timing is right and there are changes with production cuts that could start a rally to $90 Oil but it all has to do with the US Oil traders and what kind of US Data is released plus FED Speech.  Tomorrow's trading of BTE should be over $6 if Oil is over $80+ now wait for Q3 results and let's hope that when they release the quarter that the markets are green but the real fact is that the markets are selling off and that's why we're at this SP and if Oil starts trading above $85 the SP could be right back to $7.  Right now a SP between $6 - $7 is very achievable with $85+ Oil / Right now Oil is up @ $81.60 which isn't as bullish right now up $2 and DOW Futures are down 120 pts which isn't anything call it flat so hope for the best and prepare for the worse. 
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