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 > Could be whipsaw day

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Post by kegman on Jun 05, 2024 9:51am

Could be whipsaw day

Shorts are covering and they have the power to short a bit, buy back and so on. I still belive we are above $76 on Friday but the run will be bumpy. Good trading days regardless. All the stories on oversold help spur the price of oil. Even Sleepy Joe can't prevent it from upper $70's.

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Comment by Frank007 on Jun 05, 2024 9:56am

Total market manipulation ....lol ...buy buy buy ,,..the shaorts have to cover ...and that is who is shaking the tree ...lol ...

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Comment by liljohnnyjoke on Jun 05, 2024 11:26am

@ $76WTI for Friday sounds about right as shorts wont want to leave profit on the table then have something happen in the middle east on the weekend that has them covering for a big loss Monday , but if nothing happens WTI probably tests $70 next week, OPEC seems powerless now at least for the next little while

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Baytex Energy Corp