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 > As usual

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Post by 1234bmth on Oct 07, 2022 12:50pm

As usual

It is the US market that drives the direction not oil price. It looks like going to red.

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Comment by riky144 on Oct 07, 2022 1:05pm

they wait for the last hour of trading to buy, to make sure the oil does not retreat, as has happened many times in recent weeks. But that won't happen today because OPEC + has decided that the price of oil should no longer fall below $ 90.

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Comment by marketsense on Oct 07, 2022 1:35pm

That's what I'm seeing. The playbook has been to sell out on spikes and then buy back in a few days or more after each blow off. Each time oil price has co'operated like clockwork. Its a day traders, hedge fund swing traders and penny flippers dream market. That said have the basic dynamics fundamentally changed. Perhaps it has as this& ...more

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Baytex Energy Corp