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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 kegmanon Nov 30, 2023 9:00am
210 Views
Post# 35760558

RE:Oil to SP

RE:Oil to SPCdn oil co's, even BTE with US assets, are being pummeled by WCS price.Daytraders and shorters  love BTE due to size of float.     The share hangover from the impending dump of BTE shares in Dec.  probably hold us back a bit as well.  I look at few other Cdn plays and they are stagnant as well.  Shorters are making plenty on 10 - 20 cent swings during the day.  Look at the volume.  Why else would it continue to be so high?  On the good side the share buyback program is moving faster at these levels.  I have my trading shares and my hold shares now.  This will be back above $6 solidly in the first half of the new year.  That is a significant gain from here.  Crazy volatility is not always good.  Oil will never be below $70 again.  The greens do not even want that!  Turn off the idiots. US dollar will be falling more.  Oil will pop up and Gold will skyrocket.  GLTA
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