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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 Kelvinon Aug 29, 2023 3:39pm
128 Views
Post# 35610488

RE:BTE LEVEL 2 - WALL MOVED TO $5.41

RE:BTE LEVEL 2 - WALL MOVED TO $5.41Yup, this is where AI and their high frequency trading (HFT) bots come in. These guys have millions of shares in reserve in order to manipulate markets. Someone mentioned that bte is buying back shares. They'd want to do it as cheap as possible cause the cash comes from earnings and the cheaper that they can buy them back at then the higher the net income. Now imagine that they announce a big buyback and oil prices remain solidly up and net income is solid? You'd have the accumulators making a pile of money. I think that Snowballer is an AI managed HFT bot. 
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