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.

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Baytex Energy Corp

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Comment by tvstockon Apr 28, 2017 12:59am

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Post# 26177731

RE:IMO

The Sauid s can never kill shales . Comapnies may die in a downturn, but when oil prices is up again they will re -emerge.

Especially with the future markets many oil companies has already made good hedges and probably can survive for 2 more years at least.

OPECs has to live with it. The only way they can get more money is maybe to cut 10% i.e. 3 million bbls /day. I don't think shale oils can compensate for this, but as long as oil prices rise by 11% they get the same money. Then let the shale grows at high costs. After the Armaco IPO Saudi can shake them out again.

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