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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 Feb 24, 2023 4:46pm
245 Views
Post# 35304469

Are we out of the woods for Oil

Are we out of the woods for OilToday turned out to be better than the way it started, I was just looking at Oil technical and every interval under 1-Day is rated "Buy" anything from a day "Sell" is not bad considering Oil has been under pressure for a while now a few bullish days can change it. Monday's US Durable Goods Order hopefully doesn't affect Oil prices which will be watched through overseas trading which should give us some indication of what to expect for our trading day. Feb 28th China releases NBS Manufacturing PMI, Caixin Manufacturing PMI, if everything comes back bullish then March, will start out bullish. Right now Putin's cuts remain bullish for Oil after US attempts in stomping it down so will the US intervene in March with a way of showing Russia's cuts not creating a tightened Oil market, let's hope that nothing breaks this upward trend.  Will March roar in like a lion or a lamb...to be continued. 2 green days in a row so let's add 5 more!
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