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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 Tradinghandson Mar 06, 2024 10:32pm
265 Views
Post# 35919587

FED will, could, possibly, certainly, might be, cutting rate

FED will, could, possibly, certainly, might be, cutting rateSometime!  They cut rates too soon back in the 1970's and it led to higher inflation when the economy ran away. some media says FED speech sounds promising because he said that it might happen later then sooner but the minute the FED starts cutting that'll be the GREEN light for every household and company to start spending it'll be like openning a flood gate of cash we are already seeing a market rally on what could be and every month the FED pushes cuts further ahead. They want 2% and it has to stay at 2% for a couple or even a few months before we'll see bigger cuts. What happens when cash starts flowing into the economy? Oil heads towards $100, adding higher costs to everything and anyone buying a home need to buy furnature and everything else, car sales increase using more gasoline pushing oil higher, plane fares head higher, etc etc and right back in a month or so to 4% inflation heading higher! The FED needs to stop the economy! then slowly let up on the brakes but the hype of lower interest rates has everyone hooked on green that will distroy their dream!
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