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Bullboard - Stock Discussion Forum 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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > We Just hit Feb 2022 Oil at $91
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Post by smallcaptdr on Aug 03, 2022 11:16am

We Just hit Feb 2022 Oil at $91

I wasn't far off calling for $90 last week! That's better than 3/4 of analysts who predicted $100 Oil and not only did they predict $100 Oil but they said that Oil will never trade below $100 again this year. Great Oil analysts! If there wasn't any US data then Oil would have traded higher and it did hit $96 across the pond until the US traders took over before the markets opened..
Comment by bogi on Aug 03, 2022 11:27am
When things are up  most like to push  it  even higher  . Eric N. always acted as oil can not or will not drop  under   $ 94 - seeing is believing, eh ? Yeah , you were right . Now give it a combination  between  lower markets for awhile  and weaker  oil prices  - take  your time  on that   and plan an entree  in ...more  
Comment by BayStreetWolfTO on Aug 03, 2022 11:31am
Sure oil can drop under $94. It was $75 on the last day of 2021. I have said many times 2021 accellerated the positions of Cdn O&G companies to their plan. BUT that said the EIA report this week is an anonomly imo If you can convince me Exports/Imports can keep that pace and the elimination of the SPR will have no impact you will need to have a very compelling story AND data to support. For ...more  
Comment by deepblue on Aug 03, 2022 11:28am
Good call!
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