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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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Oil action
View:
Post by Retiredgeo on Sep 27, 2023 6:57am

Oil action

WTI is up 1.45 to 91.82.  WCS is up 1.08 to 72.68.

This bodes well for BTE today.
Comment by Kelvin on Sep 27, 2023 8:16am
This dynamic reminds me of the Wei-1 deepwater well offshore Guyana that CGX recently drilled. The MDT tool got stuck and they had to drill a sidetrack. Total cost of doing so, with daily spreadsheet costs of over $1 million per day, were probably in the order of $30 million in extra well costs. Imvestors went nuts. I argued that if they find a 300 million barrel of recoverable reserves then the ...more  
Comment by Retiredgeo on Sep 27, 2023 11:16am
WTI is now up 2.48 to $92.87. WCS is now up 1.90 to $74.58 BTE is now up 0.22 to $5.87 CAD
Comment by Moemoney42 on Sep 27, 2023 11:23am
All  I know is I'm glad I've doubled my position yesterday... today is a welcome snap back to the upside.. ;-)
Comment by dllscwbysfn on Sep 27, 2023 11:39am
WTI up $3.25. right now. If this holds BTE will make $500,000 more than yesterday and yesterday was a really good day, just saying.
Comment by Retiredgeo on Sep 27, 2023 2:26pm
WTI is now up 3.37 to $93.76 WCS is now up 3.01 to $75.74 BTE is now up 0.23 to $5.88 CAD (there seems to be resistance at $5.90 CAD) The big boards are all in the red, again. I expected more from BTE on a day like today.  There are lots of sellers out there!  Margin players?
Baytex Energy Corp
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