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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 Mar 23, 2023 3:21pm
214 Views
Post# 35357067

Oil like teaching an enemy how to swim in Detroit River

Oil like teaching an enemy how to swim in Detroit RiverAs soon as it comes up for air shove its head back underneath. I'm not betting on a bullish end to the week and don't take my word look at how Oil and Gold are trading today. If you look at Oil trading before COVID when all countries were moving along Oil traded at an average of $50+ it only changed with Russia, how bullish will China be if Europe and US are in a 2-year recession plus there's so much Oil builds are at their highest since May 2021 and top this off with a banking crisis on everyones mind no one wants to risk losing money like today investors paying at days highs only to watch Oil sink below $70 again plus when overseas see todays trading they might be bearish for Friday's trading. Any word of a bank in trouble regardless of the severity will be devastating to the markets. Russia is 100% focused on China and meeting its needs so very little demand is left for our Oil. The best part is Biden dumping Oil in Apr another 26Mil barrels so Apr will keep the US saturated. Back to $65 by the looks of today trading come back in June. There's NO good news!
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