Baytex Energy Corp T.BTE

BTE LEVEL 2 - 830 AM

[riddler]

11	8700	5.21
2	1300	5.20
2	5600	5.18
4	17000	5.17
14	15300	5.15
3	1000	5.14
6	2800	5.12
2	3300	5.11
10	18400	5.10
1	500	5.09

Level 2 quotes summary

Ask	Total size	# of ordersNumber of orders
5.21	7200	8
5.23	9200	1
5.24	800	1
5.25	3000	1
5.27	18400	2
5.28	1000	1
5.29	1900	1
5.30	14500	2
5.32	1500	3
5.33	5600	5

[Kelvin]

Thanks Riddler, How do you see it? Ask wall at 5.27 to 5.30 keeping a lid on upward momentum? Accumulation going on below that? 

[Sugaree]

Watching the level 2 into the close and seeing the 3 cent drop to $5.25 really does look like it is being forced into a $5.20's trading range for accumulation at the moment. Nice to see oil recover from the Iran/USA rumour BS. 

[Kelvin]

I agree Sugaree, The fear mongers on this board can also see level 2 and see that the market makers are putting a lid on upward momentum, probably because if they let the sp free then it would climb to much higher levels because the macro conditions exist for it to do so. So the traders here fear monger in order to scare people into selling them their shares at a discount. The short sellers add

[riski]

HWX and MEG    

[Kelvin]

Thanks riski!

[JohnnyDoe]

Those are both good suggestions Kelvin. I own both  Hwx is a pure Clearwater play.  Meg is the little brother in the pathways alliance. I expect it will get bought out by one of the big 4 in the alliance. 

[Kelvin]

Thanks JohnnyDoe, Actually I'm checking out Meg right now. I first check out the management. Looks solid. CEO Derek Evans said that the biggest risk going forward is regulatory risk. Makes me wonder how high oil&gas sps would go if the Conservatives got elected. Anyway Derek Evans is also a director of Franco-Nevada Corp. Gonna check them out next.

[red2000]

Take a look at : CJ.TO (nice div 8% ann. or so) S/P seems low , sound easy to me to grab this one on a takeover bid by another major CDN producer with respectful 21,000 boe/d. Four Nipisi Clearwater wells drilled in the first quarter of 2023 continue to produce at rates approximately 30% higher than last year's very successful program with current production of approximately 975 boe/d. and

[Kelvin]

Thanks for the info red2000. Yes I'll do my own dd. It's in Russia's and Saudi Arabia's interests to keep the oil price high. Russia's GDP has pretty much recovered. They're expected to have positive GDP next year. Despite the wests price caps on Russian oil, Russia continues to make lots of money. Putin remains popular. The war has stalemated. Experts say that peace talks