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

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Post by smallcaptdron Nov 18, 2022 4:49pm

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Post# 35111723

$80

Nice recovery for Oil from $77 getting back above the $80 phycological waterline. ATH & TVE pulled off finishing up today and it shows that these Oil plays BTE, CPG, ATH and TVE are starting to weather the bad days a little better than they did back when Oil first hit $90 on the way down shocked the ones who said that $100+ Oil is here to stay and the panic hit our Oil plays hard and now we have entered into the $70+ and the Oil plays are nowhere near their lows last time we hit $76 plus dropping twice into the $70+ has happened relatively close to each other last time being Sept 26th tipping into $75 and this time it's happening under OPEC cuts which will become ineffective in keeping Oil higher during these deteriorating times and China's move to cut back on Oil deliveries in Dec opened the eyes of the doubters that the times that we are heading for is one of weakening demand and there's really no bullish drivers right now plus we blew through $81 support heading down to test $76 but never got there hitting $77 so now Oil most likely will rebound Sunday unless something happens overseas highlighting softening demand that could push Oil back down but for now after a week of selling its time for Oil to head back to $85. Today was a great trading day finishing off a volatile week.

Here's a look at how the 4 Junior plays have faired this week

BTE