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.

TSX:BTE - Post by User

Baytex Energy Corp

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Post by smallcaptdron Oct 04, 2022 9:14pm

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Post# 35005674

Oil needs to hit $91+

Nothing would be more aggressive than driving Oil up to $91+ a $15 move up from the low of $76 would really show the bullishness of the trend reversal. We'll see if it has another day of higher Oil prices, The only thing with data tomorrow is 8:15 US ADP Employment Change and 8:30am both the US and Canada release Balance of Trade and at 10am ISM Non-Manufacturing PMI and the usual EIA Energy Inventories. Right now traders are fully focused on OPEC and so are we. BTE has been a rock star in only 2 days up $0.88 so if there's a 3rd day we could and should hit $7+ and today's volume was stealth, BTE is a TSX stud the leader in energy stocks today on volume.

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