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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 > Strange action this AM
View:
Post by TheWokeLemming on Aug 28, 2023 12:37pm

Strange action this AM

Good volume and holding strong even when WTI went red.  

Each day we get closer to Q3 financials should be interesting.  Shorters beware!

Comment by Kelvin on Aug 28, 2023 1:13pm
Yeah there's another emerging factor in the global supply chain that will affect economic activity and it is the choke points to global matine traffic. I can't remember the exact figure but I think it was close to 90% of all goods shipped are at some point shipped by sea. I guess that there are 4 major choke points - Suez Canal, Straits of Hormuz, Malacca Strait and Panama Canal. An ...more  
Comment by Kelvin on Aug 28, 2023 1:50pm
Here, I@ll make a long term prediction. Texas will become the headquarters of @The Americas Inc@. Wall Street will move to Dallas Fort Worth (DFW). Silicon Valley will move to Austin. The global oil industry will be centred in Houston. Bte made a great decision buying a stake in Texas. Eagle Ford is loaded with hydrocarbons. DFW will be the financial centre because it's out of the hurricane ...more  
Comment by CountryBoy69 on Aug 28, 2023 2:10pm
Hey Kelvin , back after a relaxing 5 days. That ESG money is more likely centred in Los Angeles and thee West Coast but they won't be eating Quiche as the Vegan capital of the USA they don't use eggs or dairy products. As a determined home cook like myself , perhaps been in Venezuela , you missed the latest season of the Great Food Truck Race. It was held in LA and a Vegan truck won, not a ...more  
Comment by Kelvin on Aug 28, 2023 2:45pm
Lmao CountryBoy69, nope, not in Texas anyway. I learned how to make that brisket btw. Done right it's so tender, chewy and very tasty. The trick is to turn the very tasty but tough collagen into tender gelatin by slow smoking it over low heat. Takes a long time.  Yeah, I hope that the US goes right, the next election. We need pipelines built. I don't know if Donnie Boy can pull it ...more  
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