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.

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Baytex Energy Corp > RESP knowledge anyone?

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Comment by jleer42on Mar 07, 2022 10:19am

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Post# 34490160

RE:RE:RESP knowledge anyone?

Agree on speaking with a financial advisor. Some basic informaton is below.

https://www.manulifeim.com/retail/ca/en/viewpoints/tax-planning/resp-withdrawals-strategies-and-tax#:~:text=Withdrawals%20from%20an%20RESP%20can,taxable%20to%20the%20student%20beneficiary.

BayStreetWolfTO wrote: Good question. I would certainly talk with a financial advisor on that. I am not familiar with the rules on an RESP.

CoachAmI wrote: BTE has put my kids RESP accounts into a unique position. The fund has grown so high with potential of going even higher with BTE.

Does anyone know if it is possible to use RESP funds to buy a house? Or will my kids be stuck paying a tonne of interest when I cash BTE out?

Sorry for asking an RESP question on BTE board, but it is BTE that put me in this position...lol.