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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
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Post by smallcaptdron Oct 19, 2022 2:04pm
213 Views
Post# 35034216

Oil at $86

Oil at $86Trying to find any news article that Oil will be bullish in the coming weeks or month isn't turning up anything except for the Oil forecast from Trading Economics which puts Oil at $89 for this quarter which still has 2 1/2 months to go and doesn't seem very bullish when we are sitting at $86 so I'm wondering if we'll see Oil trading down around $82 or lower again on bad economic data which is being released every other day and maybe $86 Oil is the high to expect from OPEC cuts, I'm having a hard time seeing Oil in the upper $90+ right now with all the headwinds and just 24hrs ago Oil was trading at a low of $81 so are we to believe that the economy turned bullish for higher Oil overnight? and we are always one bad data read away from lower $80+ Oil. It's a race to see if Oil can climb up to $90+ before the economy deteriorates pushing Oil back toward $75  Down $3 one day and up $3 the next makes little sense. 

U.S. Offical: OPEC+ Cut Came At “The Worst Possible Moment” | OilPrice.com

Commodity Forecast 2022/2023 (tradingeconomics.com)
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