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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

TSX:BTE - Post Discussion

Baytex Energy Corp > The longer term upward trendline for oil
View:
Post by Snowballer on Jun 16, 2022 10:24am

The longer term upward trendline for oil

would have oil support around $105 - $107 +/- range WTI  So that would be important to stay above imo
Comment by BayStreetWolfTO on Jun 16, 2022 10:31am
I think what makes settlement week exciting is the volatility. This ALWAYS happens. Not too long ago WTI was $112.33 Now WTI is $114.88 The issue is liquidity right now and price can swing wildly... That said $115 does take LOTS of pressure off Not sure people are yet ready for a $120 base.....$110 maybe so hopefully WTI trades sideways for a while Ultimately the issue if refinery capacity ...more  
Comment by Snowballer on Jun 16, 2022 10:35am
Agreed.  And a $110 would likely short term drive oil equities down but then I imagine a nice surge as Q numbers roll in. 
Baytex Energy Corp
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