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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Baytex Energy Corp > Suncor our big brother

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Post by smallcaptdr on Jan 27, 2023 2:06pm

Suncor our big brother

I don't like talking about trading but today is one of those days where ATH for no apparent reason is up another 5% I guess it becomes more attractive with lower Oil which affects Oil Sands the worst because of the high production cost of around $35- $40 a barrel or ATH is up because of Keystone being down a month, Keystone Pipeline runs Oil from the Oil Sands to the US and Q4 will be watched today is just daytraders like us playing musical chairs watch out for the music to stop, you could see that everyone is hesitant on selling because we keep seeing Oil bounce back to $81 but today could be different, how many time will the US push Oil down to $79 before it stays today being the 3rd time in Jan so stocks are reacting strange indeed so I'll watch how Suncor trades on days like this and for the longest time it rallied till they threw the towel in just look at today's candle stick. And if you want to play with ATH just be careful