Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by TrendSwapperon Feb 04, 2021 8:14am
187 Views
Post# 32468264

RE:RE:RE:RE:RE:It’s bleak

RE:RE:RE:RE:RE:It’s bleakI think part of it comes down to the realization that their strategy to take out shale competition with unprofitable oil prices didn't work, and ended up hurting their economy more than others. They need $80 oil for their budget because their gdp is made primarily up of oil, and without funding they can't advance their agenda to divest from oil into other sectors. Other countries, such as Canada and US, have many other revenue generating industries that contribute to their economy. They are running out of time, and have finally realized that it's better to sell less oil at higher prices then a bunch of oil for no profits. Again, we are going to enter a new cycle where, due to major Capex cuts over the last 5 years, the world will not be able to meet demand. Oil is going to have at least one more massive surge before renewable and ev technology can meaningfully offset the world's dependency on fossil fuels.
<< Previous
Bullboard Posts
Next >>