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.

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Baytex Energy Corp > Everyone talking long term bull market for oil

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Post by Snowballeron Mar 01, 2023 1:05pm

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Post# 35312903

Everyone talking long term bull market for oil

We are in a bear market if you didn't know lol. Wait for the weekly price action to test the weekly 200 moving average and that would be around $66 ish WTI... that would be where I target the next major support in a capitulation event.

There is lots of room to the downside here on oil and in bear markets the downside has more pull so to speak.

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Corus reports Q1 profit drop in the face of falling revenue