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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 08, 2024 2:59pm
275 Views
Post# 35923395

BTE is the one for an oil play

BTE is the one for an oil playToday isnt a great day for any oil stocks with mixed US and Canadian labor markets and higher unemployment but even with US hitting a 2 year high at 3.9% unemployment its probably closer to 4%+ if you account the unemployed who have given up on looking for work and Canada hit 5.8% unemployed which comes as no surprised with all the high tech lay off or businesses that have shut down do to higher rates but this doesnt change a thing for the FED who's still dealing with a strong economy and neither US or Canada have any rate cuts in near term and with this mixed data the tech sector has been selling off in the Billion$ as investors and insiders take profit along with oil but gold continues near $2200 because of global tensions towards WW3 even fears of pandemic-X. Investors are flooded this week with reasons to take some money off the table. I read that Walmart will be pricing items at last year prices touting savings but wasnt last years inflation prices higher? lol sounds good though. whatever saving that are coming will be erased when oil starts heading towards $90+ but I believe that BTE will trump all other players in the months to come!
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