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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 > BTE today
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Post by 1234bmth on Sep 27, 2023 8:41am

BTE today

If oil holds at current price all day today, it won't make sense if BTE doesn't pass $6
Comment by dllscwbysfn on Sep 27, 2023 8:52am
That is highly unlikely to happen. About 7 % in a day is too much, but I hope you are right!!
Comment by Nextlegup on Sep 27, 2023 9:07am
Since I've been actively watching the trading of BTE these past 6+ months, market makers have kept a pretty tight lid on the stock, never allowing the price to explode...I'd be hard pressed to think we would breach $6 (even though the fundamentals justify it)... but ya never know. :) I think we're sitting on a pretty solid Cashflow Pony here, and the market is setting up to be the ...more  
Comment by Retiredgeo on Sep 27, 2023 9:17am
With 545 million shares in circulation worth ~2.7 billion CAD, control over/manipulation of the SP would be rather difficult.  In my opinion BTE is tracking the trend of the oil price, therefore, today should be a very good day for BTE.