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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 riskion Oct 27, 2023 12:35am
229 Views
Post# 35703499

RE:RE:RE:RE:RE:RE:Glad I sold in the $6’s

RE:RE:RE:RE:RE:RE:Glad I sold in the $6’sYes, I'm rich in stock - only because of this opportunity - but not in cash per se.

Thanks for the reminder, and I'm wary of the cyclical nature of oil and have my targets on the upside and down as well as a time target as I'm not getting any younger. Base on the current available information, there is a lot of room for this to run with substantial downside protection in OPEC and SPR purchases. I don't think we will see $40 for many years, and that's really the enemy. Anything over that, and all of these companies are going to do well. 

I know I won't hit the top, but I'm not going to ride this below $2 either.

Still buying!

Snowballer wrote: Wild that you have managed to hang on for this long that is one crazy average. While previous $9's obviously would have been an epic exit it seems no matter what you'll be rich (seems you already are haha).  Congratz on being the long term contrarian. And not that you need my 2 cents but just be cautious on the arrival of the so called "hard landing" whenever, if ever it comes.





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