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 > keep calm, recessions don't kill demand

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Comment by Nothingmatterson Jul 05, 2022 12:02pm

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Post# 34802113

RE:keep calm, recessions don't kill demand

But they do bring wti to $28... so fingers crossed

riky144 wrote:
Despite the recent decline some experts say oil prices are likely to remain elevated.

“Recessions don’t have a great track record of killing demand. Product inventories are at critically low levels, which also suggests restocking will keep crude oil demand strong,” Bart Melek, head of commodity strategy at TD Securities, said Tuesday in a note.

The firm added that minimal progress has been made on solving structural supply issues in the oil market, meaning that even if demand growth slows prices will remain supported.
https://www.cnbc.com/2022/07/05/oil-tumbles-more-than-8percent-breaks-below-100-as-recession-fears-mount.html