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

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Comment by IainCaimbeulon Sep 08, 2022 4:42pm

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Post# 34950565

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

Moemoney42, please stop responding to the super mutt aka smallcapdr. His posts are mindless drivel. I don't see them unless someone I don't have on IGNORE responds to IT with the quote.
Put him on the IGNORE/MANURE pile. :)

Moemoney42 wrote: OMG you're stunned.. many families work in the energy sector.. the related business that supply the energy sector are also huge job creators.. the reason the oil & gas prices are high is the gov'ts concerted effort to throw the industry under the bus.. why would these companies insist on growing production when they get penalized for it and the friggen gov'ts want to impose a "special tax" on profits.. get real man.. you're way off base with your latest BS..!!
The gov'ts created this shortfall in supply with their "green transition" and getting conned by special interest groups that have NO concrete plan for a transition that won't damage the revenue golden goose they so much rely on.. fairy dust and unicorn farts won't get us there sunshine.. :-/

smallcaptdr wrote: See 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

US Total Rig Count