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 269,000 gross 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 > interest rates

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Comment by masfortunaon Oct 17, 2022 12:23am

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Post# 35028303

RE:RE:RE:RE:RE:RE:interest rates

Cobalt wrote: Higher rates slowing growth some places going negative ya sure that is part of it , part like China zero covid many parts

masfortuna wrote:

Cobalt wrote: The topic was how high rates go , day to day oil say what?, you understand time frames right? LOL

masfortuna wrote:

Cobalt wrote: It is a moving target with data coming in, nobody knows, lets remember the Fed told us last year there would be no hikes this year and now we have like the fastest in history if the Fed and their 400 economists have it so wrong nobody knows.

LOL Cobalt! So if that's what you think, why make "DAILY" ptredictions on the movement of oil? After all, you posted that it is heavily corelated with inflation right? Your statement appears a little contradictory it seems.
Mas

Of course I do BUT you are stating daily that oil will drop because of the inflationary pressure we are seeing and will continue to see. Ipso facto, that would mean more interest hikes as I stated and said that they are forecasting 5%. Pretty clear methinks

Zero Covid is already here. Zero covid going to zero covid is actually the status quo BUT zero covid changing to "we are now open" creates a catalyst.

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