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 > Alright Snowball

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Comment by Snowballeron Jan 03, 2023 11:42am

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Post# 35200780

RE:RE:RE:RE:RE:Alright Snowball

Simply following technical targets which may or may not play out, of course. But I suspect we see that push up over the next few weeks. We could be putting in a higher low here from the recent bottom on BTE and WTI so we could easily go lower here before trending back up. Macro is still a bearish downtrend as BTE and WTI still below 200DMA.

Tradestay wrote: Can you give some colour on your share price range 6.30 to 6.50, because at $87/$88 WTI BTE free cash flow will be over $600M just over or shy of $700 million based on their presentation. That puts debts to below $700 and increase share buybacks begins.

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