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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 HighOctane89on Sep 29, 2022 11:10pm
358 Views
Post# 34996664

Seriously ......

Seriously ......All joking aside , lets take a good look at the pro's and con's of this debate . Since we have already been "exposed" to the negative , let's look at the pro's .

1 - there is no denying that the supply/demand figures continue to show a tight supply and resilient demand 

2 - drilling has plateaued and even cut back from recent highs .

3 - the WTI contract presently being traded is the Nov contract , SPR ends in Nov which will expose the US supply shortage 

4 - the US sanctioned another 9 companies for facilitating the sale of Iranian oil and refined products , I guess Joe was angry that Iran made him look stupid for thinking religious fanatics would consider anything other than "death to the infidel" .

5 - OPEC+ has no interest in saving Joe's a$$

6 - oil and gas are NEEDED , not optional and we are seeing the hazards of not being energy secure .

This is just a few things off the top of my head and while I appreciate some peoples fear , my best advice is to do what works for you . If you aren't comfortable being in the game , take a break , sell out and ride the pine until you get your nerve back . I guess you could ask Mike McGloom if he wants to be your pen-pal
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