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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 jleer42on Apr 26, 2022 8:51am
254 Views
Post# 34631464

Oil and gas will be around a lot longer than some think, des

Oil and gas will be around a lot longer than some think, desThat's a surprise, the CBC on the RBC report stating oil isn't going away. A call for reduced emissions, but honest that the switch to green power from oil will take years. 

"Short of major additional action, oil and gas will likely remain critical and contentious energy sources for longer than some think."

"Global demand for oil keeps rising and is expected to increase for several more years, according to the International Energy Agency."

"I think countries are going to struggle to switch their energy systems over to ones that are non-emitting extremely quickly. Green infrastructure takes time to build, and technologies that can replace oil are still sort of coming to the fore."


https://www.cbc.ca/news/business/bakx-rbc-climate-bargain-oilpatch-energy-1.6430599
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