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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

Comment by 1234bmthon May 10, 2022 11:30pm
198 Views
Post# 34672816

RE:RE:Inflation data

RE:RE:Inflation data
Chrisinvan7 wrote: Over the last 12 months the CPI has surprised the 'experts' to the upside every time and every time the market has responded by rallying because the market is anticipating an eventual rate cut in response to a recession caused by increasing rates. Itll be very interesting to see how gold and the USD respond to what I expect to be another upside surprise. 

No, it is the opposite of what you are saying, the market will not go up if there is a recession even if there is a rate cut. The market was rallying due to a recovery from COVID and also Fed was saying inflation is temporary, but since they admitted that inflation will be here for long the market started to go down. A rate increase is better for the market than a recession.
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