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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 Kelvinon Apr 24, 2024 10:48am
123 Views
Post# 36005049

RE:RE:RE:RE:So these Yahoos were wrong again

RE:RE:RE:RE:So these Yahoos were wrong againThe US reimposed sanctions this past April 18th but ceded a special license to Chevron and another operator from Trinidad and Tobego (T&T) for a gas play in the Golfo de Paria between Venezuela and T&T. More special lucenses or waivers arw in the works. Few believe that Biden really wants to continue the sanctions imposed by Trump in 2019. I guess that Joe needs to look tough or something. The net consuming nations which represent a big percentage of the global economy need oil prices to go down to battle inflation. The producers want oil prices to go up but in a controlled way. They don't want to risk triggering a recession. So it's in the interest of India, China, the US, Europe etc for Venezuela to come back online again. Anyway the sanctions are on again, but not really. If that makes any sense.

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