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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Post by smallcaptdron Nov 23, 2022 1:57pm
129 Views
Post# 35122722

Overseas started the $4 sell off

Overseas started the $4 sell offThis is interesting at 3:45am overseas dumped Oil on concerns of just about everything so the US has actually been adding stability after hitting $76 so will overseas boost Oil higher after such a sell-off backed by the facts of everything going on and not sold because of a rumor or part of their normal morning sell-off at 9am when they exit so keeping Oil lower in the $70+ is what everyone is betting against and that Oil will return to $85+. We'll know tomorrow and if Oil is in the $70+ or even the lower $80 then SP needs to reflect it. I can't believe what's happening to be betting on Oil being at $90 even though Oil has been under $85 more often than none 3 months through Sept till the present. There's no bullishness pushing Oil to $80 today. If Oil starts to come in under $80 as we head towards capping Russia Oil at $65 and FED Rate hike in Dec could be just the start so I've done everything possible trying to highlight concerns of investors paying premiums on shares as we head towards a lower trend. If Oil does do exactly that then the SP will implode because you can't ignore that company's Oil revenues will be the lowest since Jan if Oil stays under $80 and SP were 1/2 what they are today, that's 1/2. I can't stress enough that by recent developments being under $80 could be just the start of heading toward $70 or you can buy Russians Oil for $65 but you better get the money now before borrowing goes higher by Central Banks. Things are not going to get better, the economy has Meisels and every red spot is another reason for lower Oil. I hope that Oil rallies one day but you have to deal with whats happening now and from Junes high we are hitting new lows, Ya things are Great! and it will only worsen. Maybe Oil will look at our SP and hit $85 to justify the current prices.
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