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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 27, 2022 7:16pm
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Post# 35054641

Bullish day without any guidance for future Oil prices

Bullish day without any guidance for future Oil pricesArticle after article that's bullish lack any guidance on how high Oil could go because we really need to learn about Oil's limit to the upside because we know Oil's downside is $75. Here are a couple of news articles that I picked because of their bullish tone.  Let's see if we can squeeze one more day out of Oil being up that way Oil could start out Monday at $90 and that would make OPEC happy at least till the FED enters and who knows maybe this time the FED announcement might not move Oil if there's a solid foothold at $90 but over time US data will influence Oil lower as the global economy worsens, remember raising Interest Rates is fairly recent in the big picture but as we move forward with addition rate hikes globally its a certainty that the economy will drive Oil lower with Biden saying that he'll put a floor under Oil at $65.

Oil up as Bulls Starry-Eyed Over Record U.S. Exports That May be Fleeting By Investing.com

Oil settles higher on strong crude demand, easing recession fears By Reuters (investing.com)
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