Bullboard - Stock Discussion Forum 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... see more

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TSX:BTE - Post Discussion

Baytex Energy Corp > $77 oil looks critical point.

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Post by 1234bmth on Nov 18, 2021 1:07am

$77 oil looks critical point.

OCT 25th oil was $85, BTE was $4.19. Today oil is around $77.75 (8.50% down from OCT 25th) and BTE is at $4.09 (2.40. % down from OCT 25 th). This is very strong performance. If oil holds $77+ Until Q4 report BTE may climb to $5 easily before earning report, if oil somehow drops to the $72 to $76 range then BTE may be traded at $3.80 to $4 range unless there's a positive or negative news that may impact SP accordingly.

all my opinion.

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Comment by Unlucky13 on Nov 18, 2021 3:34am

You are a rookie. Things tend to happen in unforeseen ways. Yes, surprisingly BTE is only down 2.5 percent from $4.19 when oil was $85. But BTE could go down 8 percent tomorrow with oil down a buck something. Oil is under $77 tonight. It doesn't always happen laterally and I will leave this Board if BTE is over $5 before or after earnings in Q4. Almost a nil ...more

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Comment by ramblersrest on Nov 18, 2021 7:57am

Q 4 Earnings will not be announced until Feb 22 ....BTE can get over $5 per share by then ....Drawing from the SPR is a risky desperation move that has a good probability to backfire ...Then What ?

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Baytex Energy Corp