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 > The Middle East is a bigger problem each day

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Comment by riskion Nov 10, 2023 9:22am

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Post# 35727994

RE:RE:The Middle East is a bigger problem each day

Recession conspiracies coming out of the ying yang!

It's a valid point. The elevator shaft this week could be due to fear of recession, but the rest of the market is not really trading like that. Why just oil? And pretty sharply down. We have been dealing with "China is slowing down" for 2 1/2 years while Biden has been in office. I think he writes those rumour press releases himself. The data coming out of China is still pretty strong, showing demand growth.

I remain skeptical.

Retiredgeo wrote: Biden conspiracies coming out the yinyang!

Europe is already in recession. The news out of China and Japan is not encouraging. Will North America be next? Maybe the oil and other commodity traders know something the rest of the market doesn't want to acknowledge yet?

I am predicting that oil will go sub 70 by the end of this year. What Baytex will do will be a function of WTI and profitability/well. Even at 70 it's FCF should be greater than Q3.