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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 Feb 14, 2017 9:09am
60 Views
Post# 25841684

RE:RE:RE:The Energy Report 02/13/17

RE:RE:RE:The Energy Report 02/13/17You think that Tesla is going to have that much f an impact in the next 3 years. I highly doubt it................................. For every Bear Article there is a bull opinion.................. "An oil supply crunch could hit as soon as 2019 as investment in new projects dries up following the price crash, leading analysts have warned. Delays and cancellations of projects by cash-strapped energy giants mean the volumes of new crude production coming onstream will not be enough to make up for the decline from existing fields and meet growing demand, Barclays analysts said in a research note. They forecast that 2019 would see the "the lowest year for new capacity" on their records, which stretch back to the Nineties, with just 1.2m barrels per day (bpd) of new supply. By contrast, decline from existing fields and growing demand would together equal 4m bpd, resulting in a gap of almost 3m bpd. "2019 marks a juncture where supply becomes a concern. With current volatility and oil price uncertainty, project sanction approval continues to be difficult," they wrote. https://www.telegraph.co.uk/business/2016/11/22/oil-supply-crunch-hit-2019-investment-new-projects-dries/
Bullboard Posts