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.

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Baytex Energy Corp > Oil Still Below 200DMA - Still A Bear Market

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Comment by riskion Oct 12, 2022 7:59am

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Post# 35018960

RE:RE:Oil Still Below 200DMA - Still A Bear Market

Or the tumble below $100 this fall was a "false break down".

See I can do it too. What is with the fortune telling in hindsight? As if every move in the short term price is explainable and can be anticipated. Total BS.

Long term movement is easier to see and we are going to be having oil prices jumping above and below $100 for several years to come.

Short term? I wouldn't dare try to predict or explain. It's impossible other than to say that there are buyers only willing to pay a certain price and sellers only willing to sell at the same price.