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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 jmaanon Apr 26, 2023 12:08pm
281 Views
Post# 35414781

Old school trading out!

Old school trading out!Trading as we know it is out! This is a new style of Trading now! Any positive report's, Trading on fundamentals etc.. seems no more! Especially in oil market's! Most trades are done automatically on hundreds of computer's which seem not to take  in fundamentals or such positive report's! For example if conflict broke out in middle east like when saudi oil plant was hit by I believe  by it's  neighbor in sudan rebels missile attack oil price didn't even move! Red sea friction roughly year or so ago oil didn't even move! And now with civil war on Saudis door step sudan oil is moving down! Just  a few examples were oil in old day's would of taken off on a tear! Sure everything is more efficient and quicker with these high tech computers but seems there not taking in the human aspect of everything we knew of Trading! Anyways hang in there long, Financials I believe  next week and once this deal closes we should be rewarded!
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