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 > Global Perspective

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Post by retiredcf on Oct 02, 2023 2:34pm

Global Perspective

We see room for oil to move to US$100, and OPEC will be watching that movement: Commodity strategist

Helima Croft, head of global commodity strategy at RBC Capital Markets, discusses where the oil price might go in the weeks and months ahead, and how OPEC+ and Saudi Arabia are reacting to the oil markets.

https://www.bnnbloomberg.ca/video/we-see-room-for-oil-to-move-to-us-100-and-opec-will-be-watching-that-movement-commodity-strategist~2778264

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Comment by pholover on Oct 02, 2023 5:52pm

We do not need oil to be any higher for BTE to move significantly higher over the next year or two. Their cash flow at $85 is huge and they will continue to delever and buy shares back. It is not a two week race. Need about 4 quarters. Kind of like Athabasca Oil. They are now buying back close to a million shares a week. It compounds

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Baytex Energy Corp