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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 07, 2022 9:04pm
336 Views
Post# 35013558

Perfect storm $93 Oil feed with funds from Sept selling

Perfect storm $93 Oil feed with funds from Sept sellingEverything worked out as great as one could expect considering where Oil came from Sunday night at $81 pushing ahead sitting where Oil sits now a $12 move up to $93  plus the way it climbed was what you want to see happen in a bullish trend reversal plus with all the cash on the sidelines from Sept sell-off I figured that it went right after the hot play Monday which was Oil and the proof of all that cash on the sidelines came back into the market with the strong start both DOW and TSX experienced.   BTE SP closed at a perfect price reflecting higher Oil plus a positive start to Q4 It would be one for the books if Oil was bullish all next week. The link below shows how a healthy climb looks, open the chart and click on 1W view. BMO is up into the green by around $11Mil that's hanging in there and knowing what you were doing this week just made the books look better during a market sell-off. 
 

Crude oil - 2022 Data - 1983-2021 Historical - 2023 Forecast - Price - Quote - Chart (tradingeconomics.com)
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