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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 Confuseddon Jan 31, 2017 2:55am
189 Views
Post# 25776160

RE:Investment banks

RE:Investment banks IMO... wait for it.. they don't want us to know about the supply shock that will appear within the next 36 months... what I learned over the past year is when ALL the news is super bearish.. things seem to change very quickly in the opposite direction.. look at copper and copper stocks for an example. Broken record here.. lack of investment over the past few years including this year will disrupt supply be end of decade. US can't produce enough to balance rising demand... OPEC spare Capacity is at its lowest in a long time.... .US peaked at almost 1800 rigs I believe it was and they got to what 9.6 mbpd.. Russia is pumping at its highest levels ever but at same time depleting their gravy wells and actually damaging the Wells in a way future production will be much more costly... Today things are very volatile.. IMO within 4-5 years we are going to see an massive spike in oil prices.. Great for investors who got I'm at these price points and can sell at the highs and use the profits to counteract the massive price increase in all goods... There Just Confussed opinion although most won't read this during to my name.. disclaimer.. I have been working the oil industry since 1999... But only heavily investing since last February...
Bullboard Posts