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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

Post by Tradinghandson Feb 23, 2024 10:53pm
395 Views
Post# 35896879

Everyone is betting on higher oil

Everyone is betting on higher oil With BTE earning coming out and Fridays selloff in oil the shareprice firmed up hoping that Monday oil will be higher but this DOW rally and oil bouncing off $70 is about to get a reality check. How can the US be in trouble in so many area's from banks to housing to stocks.to credit card debt continue to show positive gains and the FED who really knows the numbers are waving red flags. With the banking stress coming firms are calling in exsposure by the $Billions before they get caught with their pants down. Gold is riasing for a reason its a safe haven to the collapse of the USD. Daytraders are running up BTE before the collapse of BTE earnings and debt owed happens. As everyone has read already BTE has issues on properties vs Canada and Texas. My thoughts are next week will see a correction off DOW highs and the FED remarks finnaly sinking in. Roaring 20's but this ballroom dance is about over from the tech rally. GLTA and always take profit before weekends.
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