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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

Post by Realdudeon Aug 16, 2023 5:25pm
219 Views
Post# 35591848

Oil and Share price

Oil and Share priceI've explained on this board that oil will go down with a floor of $75 because China is slowing down-- severely. There is no manipulation by any one entity. Now on to stock prices. They will correct roughly 10% and then investors will realize that oil sustained at $75  a barrel will be just fine for companies like baytex. That positive sentiment will be tailwind that will be realized in the first half of 2024. So sit back and relax if the above ranges stay in contact. If not reassess your portfolio. Cheers pumper trannies. Long baytex and whitecap 
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