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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...
/ 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.
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TSX:BTE - Post Discussion
Baytex Energy Corp
> I sold at 7.05 a couple of weeks ago and now I'm happy
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•••
DukesMtl
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Post by
DukesMtl
on Nov 21, 2022 10:53am
I sold at 7.05 a couple of weeks ago and now I'm happy
I sold. With a billion of debt, sinking oil prices and out of control rising covid cases in China and their reaction to it! I'm expecting BTE to revisit 3-4 range and that's when I would start nibbling again...
Look at this chart of Covid Cases in China. Signs of what's going to spread around the world again no doubt.
https://www.google.ca/search?q=china+covid+cases+today&client=safari&channel=iphone_bm&source=hp&ei=m557Y4HEF8LjkPIP-6e-qAM&oq=&gs_lcp=ChFtb2JpbGUtZ3dzLXdpei1ocBABGAEyBQgpEIAEMgIIKTICCCkyAggpMgIIKTICCCkyAggpMgIIKTICCCkyBwgpEIAEEBMyAggpMgIIKTICCCkyBQgpEJECMgIIKVAAWABgxw5oAHAAeACAAQCIAQCSAQCYAQCwAQ8&sclient=mobile-gws-wiz-hp
(165)
•••
riski
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Comment by
riski
on Nov 21, 2022 1:30pm
Wow that's an aggressive entry target. Best of luck.
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