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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 06, 2022 12:50pm
296 Views
Post# 35009803

Moving Average

Moving Average The moving average is always right and right now it hasn't crossed over indicating a new bullish trend has started but it is close and once you see this trend higher then we're in for a bullish run. I posted TSX Moving Average so that you can see how correct the moving average can be in calling the trend and of course, this is just one tool used as a reference  When BTE hit $7.15 I knew that it was at the top for now unless Oil keeps rising.  Next week the only US Data on Thursday 8:30am is the US Inflation Rate. Tomorrow US Unemployment Rate and Non-Farm Payrolls at 8:30am. Oil at $88 so this Oil bullrun is over and needs to catch its breath. It really seems like $88 Oil is going to be the high for now which has been a healthy move higher after the 4-day rally so we will see Oil pullback tomorrow. BTE has been a star all along!  I posted in Sept Oil Technical which was a "Strong Sell" well you can see the change and improvement from last week

Technical Analysis of CFDs on Crude Oil (WTI) (FX:USOIL) — TradingView

BTE Moving Average



TSX Moving Average

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