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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 smallcaptdron Sep 08, 2022 3:54pm
160 Views
Post# 34950384

What Recession? The U.S. Oil Industry Won’t Stop Growing

What Recession? The U.S. Oil Industry Won’t Stop GrowingSee this is a typical BS news release because they're focused on only the Oil industry so how many of your family members work in the Oil industry? Of course, this sector has been growing ever since Oil started trading higher in Dec 2021, and it's because of this industry that's making everyone pay more to heat and cool their homes or businesses, and the price of gasoline all are contributing to higher Inflation thus causing the FED's to raise the Intrest rate, and here are the latest Rig Counts and they're down so its BS that the Industry is growing and will carry the US through a recession and If Oil goes higher than you'll see Rigs being added. They're making it sound like 97% of Americans are employed by the Energy sector. Once we are in a full-blown global recession then this sector will be crushed. When the FED says prepare for a deep recession you should listen.

What Recession? The U.S. Oil Industry Won’t Stop Growing | OilPrice.com


US Crude Rig 
Baker Hughes Crude Oil Rigs
US Total Rig Count 
Baker Hughes Total Rigs
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