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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

Comment by riskion Nov 16, 2023 6:31pm
218 Views
Post# 35740222

RE:Risky is no longer risky

RE:Risky is no longer risky

Haha I like the word play. 

I actually think GICs are more risky than anything right now. I think inflation is going to be more sticky than we think. 

The macro for oil remains very strong - actually even better than when oil was trading at 85. There are forces at work that go beyond the market and there is not much we can do about that other than wait them out. The worst thing for an undersupplied market is a low oil price as it risks a significant price spike. That is where we are and spike is what comes next sometime in the next 12 months. 

This investment is more safe now than it has been in many times in the past. I continue to add.

Patience my friends!


Nothingmatters wrote: He has taken a flight to safety... 

 

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