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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

Post by AppreciateOil21on Mar 10, 2021 6:34pm
269 Views
Post# 32766057

Shock & Awe!

Shock & Awe!Good evening Baytex shareholders, gamblers, trolls, and various crazy people. It needs to be said that any random act of violence or terrorism in the Middle East does not have the desired effect on oil prices. It is not 2005. These spikes are over before meaningful cash hits the balance sheet! Regarding OPEC over tightening Oil. while a price shock would be a great for the balance sheet temporarily! This wouldn't be good for oil prices medium through long term. After price shocks many barrels are permently removed from consumption for years if not a decade plus. One perfect example is the shocks in the late 70's which permently removed barrels until 2004 when global consumption again finally reached 80 million barrels a day. This is different in contrast with the 2011-14 bull cycle which had no lasting reduction in consumption. The reason is because dramatic shocks in oil price result in political leaders finding dramatic political solutions. The last thing anyone wanting baytex to be worth north of 10 a share in a year is the US congress and EU finding way to accelerate mass EV adoption. It is unlikely they can afford to subsidies them into fruition any sooner but I would rather avoid this scenario. Food for thought. Goodnight .
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