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 > OPEC plus panel recommends 2 million barrel cut

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Comment by ceenaloton Oct 05, 2022 9:22am

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Post# 35006305

RE:RE:OPEC plus panel recommends 2 million barrel cut

IMO this puts a floor for WT at about $75.00 even in the event of a serious downdraft (ie S&P 500 goes to 3200)

IMO it might also get the generalist investor considering entering the energy market more aggressively to capitalize on the FCF yields during this upcoming probable recesssion , knowing that there is a floor under the market will give them more confidence

Jsut my take

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