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 tvstockon Jan 30, 2017 5:38pm

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Post# 25774734

RE:30% upwards if Trump Tweets..no oil tax for Canada

Actually the cross border tax is designed for companies who move factories overseas and sell the manufactured products back to the US, not designed for commodities.

Secondly US gasoline prices will soar approx 30% if Trump implement tax for importing oil. Trump will immediately face a big protest all over USA.

After all, if Trump tax import oil, OPEC oils , Mexican oils etc will also be taxed, not only Canadian oils. Resultant rise in WTI prices will probably offset a big portion of of the import tax.

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