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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

Comment by dllscwbysfnon Aug 08, 2023 4:14pm
94 Views
Post# 35578260

RE:Few Pennies Back, Many more Pennies Forward...

RE:Few Pennies Back, Many more Pennies Forward...So this morning you talk about a $4.00 sp and this afternoon you talk about $6.00 sp. I am thinking you will be right!!
Snowballer wrote: Since the first rejection at the 200DMA (red candle on the daily) which was also the $5.54 high, we've had nothing but green candles pushing up against that 200DMA.

The RSI is above 70 and the MACD looking stretched.. alsmost seems crazy being long here but I think this pushes up. My FOMO position is in the money and I think that move up to $6 is right around the corner.  Time will tell.



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