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.

TSX:BTE - Post by User

Baytex Energy Corp

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Comment by Prisme13on Aug 15, 2016 11:30am

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Post# 25142259

RE:Re;Balancing opec

Simple: for all barrels OPEC does not pump, the price of oil will go up and the US shale and non-OPEC members will start pumping again. Saudi Arabia is running budget deficits and paying foreign workers with IOUs. They have to keep selling oil no matter the price and they can't starve the market because Russia, Iran and the US will step in. Facts of life. All this OPEC talk is pure market manipulation. The only thing that could save oil is the glut being either a red herring (non-existent) or magically taken off the books. This is a bear market being high-jacked

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