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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 Dec 23, 2022 12:32pm
200 Views
Post# 35189752

Overseas gains, US Bearishness

Overseas gains, US BearishnessOnce again the US is trading below 9:30am opening handed over by overseas who seem to believe Russia and China but the US isn't adding to Oil prices over the last couple of days pushing down overseas prices but being Friday before the holidays there's not a lot of traders and volume is lower. We'll know in 5 days if Oil will be over $80 or below but one thing is for sure we are closer to $70 low than we are at $90 and I can't see Oil hitting $100 during a global recession unless something drastic happens so we roll with the punches and trade with the times and as far as ATH they have been hurting with no signs of Keystone opening and their Q4 will show what was lost and I'm thinking $50Mil is being conservative and they have been storing Oil and their storage which only holds a month of Oil so this is all guesses how bad they will be hit but their SP is rallying by idiots ATH is in trouble and every day that passes get worse and I wouldnt pay more than $2 for ATH because on top of losing money they are Oil Sand producers and we all know that the cost of production is close to $40 a barrel so Oil in the $50 they're going broke and $60 Oil keeps the lights on and $70 Oil isnt much better so stick with BTE and CPG safe money.. Good luck to everyone who will be holding shares over the holidays.
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