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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 Mar 05, 2024 7:33pm
171 Views
Post# 35916939

Oil inventories rise by 423,000 barrels last week API

Oil inventories rise by 423,000 barrels last week APII dont know about oil future with China always coming out with poor economic news and the US always showing a surplus but Gold has been on fire as global tensions rise towards WW3. Russia BS for the last 2 years they keep saying that they have been cutting (voluntary) production only to be exposed as having NO cuts how else can they fund their war. Red Sea is an excuse thats getting old too and BTE is stuck in between a rock and a hard place but hold out because traders are letting the SP drop while they accumulate so buying on dips could work to your benefit. The great thing about humans is after the shock of earnings we forget the speed bump and dive right back into it and BTE has a lot of potential and if you ask me I'm not counting on any rate cuts this year so if it does happen I'll feel better about it then being let down every month. Cheers!
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