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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 / 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

Bullboard Posts
Comment by bagoon Feb 19, 2017 11:41pm
210 Views
Post# 25868435

RE:RE:RE:RE:RE:Oil math

RE:RE:RE:RE:RE:Oil math You are missing the concept of depletion. We are talking the depletion of mature existing wells and Capex is needed to keep production flat never mind growing it. US shale wells deplete an average of 30% year. You were wrong about NG and now you may be wrong about oil but time will tell. We can all speculate where the price may go and there is more reasons in the mix for the price to go up the way I see it. This argument has been going on here for awhile now and this time last year some of us were bullish and oil has doubled since. We now have mostly the same crowd parroting the same negative sentiment and making like they have called it right when they have been wrong all along. I am only guessing just like the bears here but oil will recover even if it is at a slower rate but my call is 60 this Spring and 65 by year end. BTE hasn't performed well the last few months and nobody can't argue that but take a look at the history on this board and see what posters were saying back in the fall.  So here we are tonight sitting at 54 when many were saying what makes you think we are going to 50 when it was 40. Many were saying OPEC was blowing smoke but they came through with an agreement and now the same folks are waiting for the deal to go south. Anything can happen but the oil bulls have been right more than wrong the last year and I believe the same thing will happen this year....mgba
Bullboard Posts