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 > $89 oil is a sweet spot

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Comment by dllscwbysfnon Oct 11, 2022 3:01pm

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Post# 35017835

RE:RE:RE:RE:RE:RE:RE:$89 oil is a sweet spot

Riski, you may believe whatever you want. As do I. I believe that if WTI goes to $70 that BTE stock will drop considerably. BTE stock has risen by over a buck in the last week. Wti has risen by over 10 bucks in the same period so for you to suggest that the price of WTI does not matter as long as it stays above 70 is really quite something. If WTI dropped to 70 this stock would likely be at 4 bucks. Its actual value might be higher but the market would punish it.
Science guy, I was only concerned for their hedges in 2023 and I am still hopeful that they are at $85 plus.

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