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 > Still Long & Will Add To My $4 Average On Weakness

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Comment by dllscwbysfnon Jul 08, 2023 2:04pm

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Post# 35532203

RE:Still Long & Will Add To My $4 Average On Weakness

I think I got what you are saying, lol. It could go down mentioned twice, it could go up mentioned twice. Who knows!!?? Clearly you know because you will be right because all bases are covered. Funny stuff.

Snowballer wrote: I suspect we see a sideways price channel under mid $5's for some time yet. $5.60 is the 200DMA so until we are established over the 200DMA, BTE remains in a bear market. We did not hold above the 50DMA on Friday but perharps next week we break above it and hold.

Anything below the 200DMA is buying territory for 'long term investors'. As a swing trader attempting to buy a healthy spread I won't buy anything above $4's.

I'm also looking to sell anywhere between $6 and $7. Would be great if that target get's hit prior to 2024... then get smacked down hard on actual recession next year maybe? Who know's.

GL