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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 Jan 27, 2023 2:06pm
308 Views
Post# 35250635

Suncor our big brother

Suncor our big brotherI don't like talking about trading but today is one of those days where ATH for no apparent reason is up another 5% I guess it becomes more attractive with lower Oil which affects Oil Sands the worst because of the high production cost of around $35- $40 a barrel or ATH is up because of Keystone being down a month, Keystone Pipeline runs Oil from the Oil Sands to the US and Q4 will be watched today is just daytraders like us playing musical chairs watch out for the music to stop, you could see that everyone is hesitant on selling because we keep seeing Oil bounce back to $81 but today could be different, how many time will the US push Oil down to $79 before it stays today being the 3rd time in Jan so stocks are reacting strange indeed so I'll watch how Suncor trades on days like this and for the longest time it rallied till they threw the towel in just look at today's candle stick. And if you want to play with ATH just be careful


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