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 / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

TSX:BTE - Post by User

Baytex Energy Corp

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Comment by Slinger14on Nov 06, 2016 9:51pm

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Post# 25430735

RE:RE:RE:RE:RE:Comparison chart of the big 3

Charting1 wrote:

highrider2 wrote: I agree that U.S. production has fallen some since 2015 ( which was the latest chart comparison for oil producing countries). ................................................................................................................................................................................................................................................ Also as most realize the drilling has been picking up again over the last couple of months as seen by the weekly increase in drilling rigs ... up another 12 rigs again this past week. This will of course mean that production in the U.S. will also be increasing once again. ......................................................................................................................................................................................................................................... Totally logical of course with the drilling technology advances and the much cheaper drilling costs. Some oil companies have now evolved into profitable companies at a $40- $50 oil price and thus the increase in drilling rigs at the present price ... which of course will mean production will once again be climbing.

This is what you posted and I am trying to explain it to you as obviously you are a novice energy investor and lack the undrstanding on drilling and production. I guess if you are not willing to listen to someone that knows I can't help you! Production lags rig count about 2 months so looking at the US production numbers the rig count has to increase to keep production at current levels.

Dont even waste your time on him. Can't argue oil with a guy who doesn't understand the concept of natural decline.

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