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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 Sweetleaf420on Mar 17, 2023 10:30pm
565 Views
Post# 35346447

NYSE CURSE?

NYSE CURSE? The last time I posted this subject, Baytex has been dropping like a stone like many others. The Ranger deal, will it go through? Did they overpay concidering current market realities? Will the talk of class action go away due to current energy prices? Will Baytex be delisted again & what is the minimum SP to stay on the NYSE? I believe Baytex & Ranger both have deal breakage agreements. Trading volume has increased, people selling & buying. The question is who's selling & who's buying? Mr.Greager must have been involved with acquisitions immediately upon his new appointment, which caught everyone off guard. The NYSE listing was another surprise, within days of the 4th quarter & year end results. It's been mentioned that the CEO purchased a few hundred thousand shares, that's nice but we need more insiders buying also. It's time for OPEC to announce cuts since the media claims there's more supply than demand. That's weird because there was a sizeable draw in gasoline & distillates? Everything today is increasing in price but oil & gas is not allowed to, inflation doesn't apply to energy except for electricity prices. It's time for a fixed price of $80 minimum set price for WTI or risk the future price shocks that could happen as a result of manipulation, eg SPR, lockdowns, daily media interference. Nat gas is below $2.50 and yet we are paying record high heating bills in a mild winter. Why are the Nat gas suppliers not lowering the prices? I say that if oil prices stay at current levels or continue to fall then Mr. Greager should be fired if he does not renegotiate since the deal apparently closes 3rd quarter 2023.
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