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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 Snowballeron Aug 23, 2023 8:52pm
125 Views
Post# 35602993

RE:RE:RE:RE:Giving you guys a break loll... won't be around tomorrow

RE:RE:RE:RE:Giving you guys a break loll... won't be around tomorrowWell said on Uranium. Agreed, buying the dip is also my plan. I'm more surprised than worried about a potential blood bath coming, was really just looking for a pullback.. But might be more than that, unfortunately. 

I just looked at the weekly chart and this is the 3rd week in a row we get recjected at the 50WMA. And the weekly MACD is starting to curl over to boot.  Aaannd a rising wedge on the weekly looks like its breaking to the downside. All extremlely early bearish indicators. Doesn't mean it won't reverse but the probabilites are that much more unlikely.

Appreciate the civilized discourse very much.  It's been a while on this board with a new poster such as yourself who didn't show up to just heckle everybody.



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