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 > Observations

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Post by Snowballeron Aug 01, 2023 6:48pm

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Post# 35567861

Observations

June 2022 $9.16 high 81 RSI Daily Chart

Nov. 2022 $8.15 high 69 RSI Daily Chart

August 2023 $5.54 high 75 RSI Daily Chart

BTE is a pain in the *ss stock lol The highs are brief and the time inbetween like torture as it only keeps downtrending over time. But when it runs it runs loll.

My target for the stock is $6.30ish based on connecting the trendline from the previous highs which tends to match a few of the analysts target and forms the longstanding downtrending channel.

I'm not in it at the moment but in other plays. If we open under $5.50 it may be worth a jump back in for me.

If you're long and you see 81 RSI one day consider taking some off the table.

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