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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 27, 2023 4:34pm
212 Views
Post# 35308120

Bear driven Oil

Bear driven OilToday has dampened the promise of future Oil prices being higher yet SP made gains on the promise of higher Oil. The market is in Recession mode and once again the US trading kept Oil in the Red which is exactly what Biden wants because he's quiet while watching the battle between surplus winning against tightness so what's it going to take for Oil to return to bullishness with all cards on the table. We know by the summer China's demand should start tightening the market but expectations of $100 summer Oil have been pushed to Dec this reflects the uncertainty of China hitting its full potential in fighting COVID, and labor shortages while US and Europe's economies slow but $90 Oil could be hit July. It's a race now for China to outrun US Recession as the 2 biggest economies fight with change. The real question will the US deliberately sells off Oil upon Russia's cuts as these 2 battle over who can control Oil prices the most. If tomorrow's Oil hasn't hit $77 by the time it's our trading day...not good 

Technical Analysis of CFDs on Crude Oil (WTI) (FX:USOIL) — TradingView
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