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.

TSX:BTE - Post by User

Baytex Energy Corp

<< Previous

Bullboard Posts

Next >>

Post by smallcaptdron Sep 21, 2022 8:09pm

182 Views

Post# 34977896

A look at global interest rates

Here are a few countries to look at and you can see that raising interest rates has become a global trend in fighting Inflation. Oil is at $83 flat so this proves that $85 Oil had the Interest Rate hike calculated into it because we have had no big swings in Oil prices and Sept has been the least volatile month in Oil price movement trading on average at $85 and this makes it easier to put a price on an Oil stock. There's not much in the way right now that would drive Oil further down so I have been thinking that Oil could gain ground near term but once data is released showing an economy slowing down drastically then Oil will continue its downtrend.

China Loan Prime Rate