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 > Let that WTI Pull Back.. Bounce on the 200DMA and BUYYYY

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Post by Snowballeron Aug 13, 2023 11:30pm

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Post# 35586412

Let that WTI Pull Back.. Bounce on the 200DMA and BUYYYY

Confirmation of oil rollover getting stronger.

If WTI tests the 200DMA we have a bit of a drop coming to the mid to high 70's. Oil has been in a bear market since August 2022 and finally went bullish in July 2023. BTE has recently jumped over the 200DMA (Bull market).. could trade sideway or give it up entirely. If WTI tests and then bounces on the 200DMA that will be (possibly) an epic buying opportunity if oil stays in a bull market (must stay over the 200DMA).

I'll be pretty pleased to see some O&G sell off assuming we bounce and go much higher.

GL

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