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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
Post by d_trumpon Apr 04, 2017 1:35pm
90 Views
Post# 26074303

Canadian energy really sucks

Canadian energy really sucksNot sure what it will take to breath life into this sector?  I transitioned to US names a few months ago and my only regret is not selling all my Canadian names.  I really think this is macro issue - namely a Liberal government who has little or no support in Alberta so they could care less about the energy sector.  Comments such as "phasing out the oil sands" and talk of a carbon tax has basically scared away all foreign investment.  So now virtually every Canadian midcap oilco is ridiculously cheap....so why buy a risky name like BTE that needs $60 oil when there are a dozen or so companies that can thrive at current prices.
Bullboard Posts