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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 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

Bullboard Posts
Comment by rayjd93on Nov 28, 2016 12:58pm
66 Views
Post# 25522465

RE:RE:RE:RE:RE:Our Prime minister

RE:RE:RE:RE:RE:Our Prime minister
NormanBates1960 wrote:
rayjd93 wrote:
Justin TURDeau is definitely an embarrassment.  Can't wait until Quebec's equalization payment finally get hacked down, people in Quebec start to lose all their free services and they all blame Turdeau.  Sucks that the transfer payments have a 2 year lag so next year they're still getting money based on the 2014 economy.  Should be a nice reality check coming soon though.


There is nothing free in Quebec. Believe me. We are taxed like crazy here. And Quebec received much less by per capita in federal transfers than Manitoba, the Maritimes and the North. 

https://www.cbc.ca/news/business/taxes/tax-season-2015-where-in-canada-do-you-pay-the-most-tax-1.2507059



Unfortunately, heavy taxing is part of the Quebec strategy to maintain their unsustainable state.  higher taxes there make the average tax rate in Canada higher, which helps the transfer payment calculation give the have-not provinces more money.  It's also a case of double dipping, Quebec has many government jobs being paid by the federal coffers, and Quebec is able to take the heck out of those salaries which takes federal money and puts it into the Quebec coffers.  If all provinces taxed like quebec we would be a negative growth country, but so many quebec programs depend on that heavy taxing the the transfer payments.

For sure there are provinces that take more per capita, but none of them so blatantly organize their system to try to suck the country dry in an unsustainable manner, their issues are more about population and how because of the low population, they are unfortunately unattractive locations for businesses to invest.  In any case, the chickens are coming home to roost soon as the transfer payment to Quebec are going to get chopped by multiple billions.  Or, they should at least, I'm not sure how Quebec could still have been so much worse than the have provinces that they still end up with a 10B cheque.
Bullboard Posts