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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 Kvman44on Mar 28, 2022 7:56pm
227 Views
Post# 34553827

double duds both sides of border

double duds both sides of border2 idiots at the same time at the helm of 2 oil rich countries that share borders that can't project anything but incompetence doesn't change  because China is going into lock down.They have 3 more years to do the same thing that made oil over a hundred a barrel and with China taking all the Russia oil that went to the nation's that have stopped taking it the US will have to go into a recession with summer peak travel coming  before oil and gas demand returns to lower levels.After that you have the dems probably being kicked to curb and reinvestment into the sector coming back to make a more sustainable realistic business model along with renewable energy.The probability that Oil will stay above 80 bucks for years with the Russian loss of supply and OPEC  finally realizing that adjusting  oil sales  flow to level off at 80 bucks  is the sweet spot to discourage internal US and Canadian oil that isn't profitable below 90 bucks is a better long term model for them.Bte can make piles of doe at 70 bucks and is currently undervalued if it was at 70 a barrel now.The green energy fast track never did make scientific sense and the final weeding of the old philosophy is why the selling  off BTE and other oil stocks at a 5% oil price is still happening.14 dollar stock once summer demand sends us into panic
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