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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
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

Baytex Energy Corp > Oil is rewriting history
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Post by Tradinghandson Oct 19, 2024 11:48am
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Post# 36273055

Oil is rewriting history

Oil is rewriting historyLong-term outlook is for lower Oil prices but thats a decade away from now if EV's dominate the landscape. Oil has many tentacles shaping the value starting with the US economy to overseas tensions all in question so investors will hit the sell button when uncertainty is in the market but the following week could reverse the trend just as easy. Oil is liquid gold so buy on dips and until Oil goes below $65 and stays then at that point I would change the outlook until then $70 Oil is safe. Right now the FED has all eyes on the economy creating uncertainty with rates but tensions overseas stay intact. BTE money continues to flow out of the ground 24/7 so theres no doubts about generating cash.



The Fed Looks Like It Made a Mistake With Its Jumbo Rate Cut (msn.com)

The Fed Is Making the Same Mistake That Caused 1970s Stagflation - Business Insider
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