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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 Realdudeon Oct 17, 2023 11:39pm
200 Views
Post# 35688342

Demand Levels?

Demand Levels?The canary in the coal mine just might be that demand levels for gasoline are coming down and we could be in an oversupply situation leading to investment fear in the oil and gas sector by investors who otherwise might be looking to diversify their portfolios away from the tech sector or the like. I believe heavy institutional and even hedge fund managers don't wanna be in a position of weakness even if the balance sheets of these oil/gas companies are becoming even more attractive as oil hovers around $80-85 over the near and long term. I remain bullish but am more alert to the above situation. Of course the wild card is the Middle East but I try not to deal in what if's. 
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