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 269,000 gross 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

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Comment by FSComeauon Jul 23, 2015 10:52pm

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Post# 23955216

RE:why the Energy East Pipeline is excellent for Canada

>Also, significant amounts of Ontario's and Quebec's oil is imported from Africa and the Middle East at Brent prices, which on average, trade $7 higher than WTI price

This is the only part of your text that is incorrect. The rest is all true, however.

Saudi Arabia sells its oil at a HEAVY discount to WTI. Recently, the discount has been the highest in almost a decade. However, the shipping costs from SA to Quebec et al. are outrageous. Overall, it still costs less for Quebec to buy from SA and have it shipped it than buying from Alberta. Stupid? Absolutely, but that's how it is.

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