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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 Jan 22, 2024 1:26pm
249 Views
Post# 35839260

RE:RE:RE:RE:CDN oil Funeral?

RE:RE:RE:RE:CDN oil Funeral?We really didn't get below $70 yet which I was expecting sometime between Nov-Jan as this is always the weakest time of the year for oil and the time when all the bears jump on the weakness to scare everyone out of their investment. But the strong season is within reach and the Q4 earnings are going to be spectacular. It will be difficult for the market to ignore that kind of value. There will be a lot of excitement heading into those earnings which might start even this week.

$70 oil is a great price for BTE. Always has been. I'm not sure why that has resulted in BTE and all oil stocks (except ATH which is fully valued/overvalued) being punished so much. 

Every day above $70 WTI is a great day. We have a great Q1 going here and a monster Q4 report upcoming. 

Marty47 wrote: Y'a isn't funny those analyst , I don't pay much attention Goldman sucks ya as I said before their analyst must come from high school graduate , they make u turn prediction as soon oil is up or down , they just look for attention anybody able to do that apsolutly no credibility ..... myself I said oil would be 70-80$ this year since late November and didn't change . 


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