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.

TSX:BTE - Post by User

Baytex Energy Corp > Oil has peaked

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Comment by WaterDPlantson Jul 31, 2023 2:22pm

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Post# 35565222

RE:Oil has peaked

Short term traders are funny. Sees weakness and immediately posts. Yes, the drop is portfolio managers like Nuttal selling. Ironically, Nuttall is very bullish on BTE but is likely a seller of BTE – not because he wants to sell but because he has to sell. BTE is up 30% from $4. BTE is too large in the fund and he will have to sell some – portfolio risk management. BTE will consolidate and push higher.

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